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FINWIRES

Research Alert: CFRA Maintains Buy Opinion On Shares Of Moody's Corporation

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

After reviewing Q1 earnings, we raise our 12-month target price by $30 to $610, on a forward P/E of 32.3x our 2027 earnings estimate, a premium to peers given superior growth prospects that are less susceptible to AI disruption. We increase our 2026 EPS estimate to $16.92 from $16.89 and bump up 2027's to $18.91 from $18.45. Our revenue projections are $8.3 billion for 2026 and $8.9 billion for 2027. In February, we upgraded MCO shares, believing concerns about AI disruption were overblown. Still, despite this view, we would have given MCO a pass this quarter as the Iran conflict put a damper on economic sentiment. However, MCO delivered strong results with both Ratings and Analytics segments growing at a healthy 8% clip. The company also maintained its full-year 2026 adjusted EPS guidance of $16.40-$16.70. Most notably, AI proved to be a tailwind rather than a headwind this quarter, as Ratings revenue benefited from several large AI-related financing deals from hyperscalers.

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Australia

Ameriprise Financial Q1 Adjusted Earnings, Revenue Rise

Ameriprise Financial (AMP) reported Q1 adjusted earnings late Thursday of $11.26 per diluted share, up from $9.50 a year earlier.Analysts polled by FactSet expected $10.21.Revenue in the quarter ended March 31 rose to $4.89 billion from $4.48 billion a year earlier.Analysts surveyed by FactSet expected $4.72 billion.Ameriprise shares fell 1.2% in after-hours trading.

$AMP
Research

Research Alert: CFRA Raises Opinion On Shares Of Cbre Group, Inc. To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $15 to $170, on a forward P/E of 22.2x our 2026 EPS, a small premium to CBRE's three-year average multiple (20.2x). We increase our 2026 EPS estimate by $0.40 to $7.67 and increase 2027 by $0.87 to $8.67. We now believe commercial real estate activity growth is likely to maintain its current pace, with potential for even a single interest rate cut to increase activity further in 2H 2026. CBRE's land development pipeline remains a significant opportunity for growth but management noted monetizing assets is currently difficult as securing power, water, and public approval remains a headwind. We believe CBRE is well positioned to execute these developments and we expect profitability in this space to be less predictable Q/Q but should serve as meaningful long-term EPS growth drivers. The BOE and Project Management space continue to deliver with critical infrastructure services expected to grow 60% Y/Y this year as CBRE provides facilities management to over 1,300 data centers globally.

$CBRE
Commodities

Santos Posts Higher Q1 Output, Maintains 2026 Guidance

Australia-based energy firm Santos reported its Q1 update Thursday, showing production rose by 3% to 22.5 million barrels of oil equivalent, up from 21.9 mmboe a year earlier.Production of gas for LNG plants was at 65.8 petajoules, slightly down from 66.1 PJ a year earlier. Domestic gas sales rose to 51.8 PJ in Q1, from 45.6 PJ a year earlier.Crude oil production declined, with output dropping to 1.04 million barrels, compared with 1.54 mmbbls for the corresponding period a year ago.Condensate production broadly held steady at about 1.05 million barrels in Q1, from 1.06 million, while LPG output edged higher to 24,500 metric tons in Q1 from 24,000 mt in the corresponding quarter a year earlier.The oil and gas exploration and production firm attributed the increase in overall production to the Barossa Gas Project start-up, which delivered its first cargoes during the quarter.This was partially offset by lower production in Western Australia due to Cyclone Narelle impacts, and in the Cooper Basin due to localized wet weather, according to the statement."Our portfolio of high-quality LNG assets, located close to Asian markets, is well positioned to meet strong and growing LNG demand across this region," said Kevin Gallagher, Santos managing director and CEO.Santos projected that 2026 production and sales volumes would be in the range of 101 mmboe to 111 mmboe.