-- Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.
In corporate news, Tesla (TSLA) Chief Executive Elon Musk's xAI has filed a lawsuit against the State of Colorado regarding a new AI bill aimed at protecting consumers from "algorithmic discrimination," according to court filings. Tesla shares were down 0.6%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $285 from $275 following WAB's Q1 earnings print, valuing shares at 24.2x our 2027 EPS outlook of $11.76 (revised from $11.46; 2026 EPS estimate up to $10.57 from $10.50), a slight premium to WAB's long-term historical multiple average given structural improvements in earnings quality. While we are cautious on signs of overcapacity in the freight market, an elevated order backlog (12-month sits at over $9 billion), internal initiatives to shore up margins, and potential synergies from M&A activity positions WAB to continue growing earnings at double-digit rates in 2026-2027, in our view. Despite tariff-related cost pressures, WAB has done a commendable job of defending margins via a mix of pricing, lean manufacturing, and pruning of lower-profit operations. Q1 results were mixed but overall positive, in our view. We maintain our Hold recommendation on shares.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $1 to $47, 24.1x our next-12-month EPS estimate, a premium to CNP's five-year average of 19.7x. Our 2026 EPS view is unchanged at $1.91, and we initiate our 2027 EPS view at $2.08. EPS guidance was maintained during Q1 earnings, and the $65.5B 10-year capital investment plan was reaffirmed. Notably, this was the first quarter in nearly two years without an increase to the 10-year capital plan. However, management is evaluating over $10B in incremental opportunities and expects to provide updates following a transmission planning refresh in 2H 2026. The company sees 11% or higher rate base growth potential through 2030, which we think would be among the fastest in the multi-utilities sub-industry. In the longer term, we look favorably on CNP's 7%-9% adjusted EPS CAGR target through 2035, with expectations of reaching the 8%-9% mark from 2026-2028, both of which would likely lead most peer utilities, in our view.