19 April 2024, 04:05 | Sel Hardy

CFRA Keeps Hold Opinion on Shares of Intuitive Surgical, Inc.

We maintain our 12-month target price at $380, 51.0x our 2025 EPS estimate, above ISRG’s 10-year historical forward average. We lower our 2024 EPS view to $6.41 from $6.55 and keep our 2025 EPS view at $7.45. ISRG reported Q1 EPS of $1.50 versus $1.23 (+22% Y/Y), exactly in line with our estimate and $0.08 above the S&P Capital IQ consensus view. Q1 revenues of $1.89B (+11% Y/Y) were close to ex

19 April 2024, 02:36 | Jonnathan Handshoe

CFRA Keeps Hold Opinion on Shares of Alaska Air Group, Inc.

Our 12-month target of $47, up $7, is 10x our 2025 EPS view (up to $4.72 from $4.06, 2024 lifted to $4.01 from $3.43), below ALK’s historical average. We think a discount is merited due to persistent issues with Boeing (BA 170 **), which is causing further delays in new aircraft deliveries (86% of ALK’s future orders are the 737 MAX variety aircraft), which could boost unit costs, in our view.

19 April 2024, 02:10 | Michael Elliott, CFA

CFRA Keeps Hold Opinion on Shares of First Industrial Realty Trust, Inc.

We lower our target price by $7 to $48, applying a forward P/FFO of 18.5x our 2024 FFO estimate, in line with industrial REIT peers. We trim our 2024 FFO estimate by $0.04 to $2.57 and 2025’s by $0.03 to $2.88. FR reported Q1 2024 FFO of $0.60 vs. $0.59, in line with consensus on revenues that rose 9% Y/Y. Same-store net operating income (NOI) growth remained strong at 10% Y/Y as FR was able to