Truist Securities Daily Spotlight

研报英文原文证据摘录

Truist Securities Daily Spotlight

Q26: Crude

Exteriors Products Commentary a Positive but NGL Sale is KEY - Gabe Daoud

Resi/Commercial Durable Goods Manufacturers - Manufacturers - FinancialsSecond Round of Price Increases Coming for Residential Roofing

Building Product Manufacturers - Building Products - Review of Fidelity National Financial, Inc. (FNF, $50.27, Buy) - FNF –

March Import Data for Mattresses, Ceramic Tile, Vinyl Floors, and Trimming Estimates on Lower FG Return Assumptions - We are

Cabinets reducing our 2026 EPS forecast to $5.50 from $6.25 based on

our outlook for lower return on assets at the company’s F&GBuilding Product Manufacturers - Building Products Manufacturers

- Price Increases Anounced for Various Insulation Products subsidiary (FG, Not Rated), now assumed to be in the 85-bp

area – this is consistent with recent experience – while our

Building Products/Durable Goods - Building Products - Non-Resi title segment forecast is largely unchanged. We are likewiseConstruction Down Slightly Y/Y in February, Up Slightly Y/Y in

March reducing our 2027 forecast to $6.25 from $6.85. Our price

target of $70 represents a multiple of 13x projected Title and

Internet and Digital Media - Internet: IDM Group Trails Broader Corporate earnings along with a 1.0x book value (ex-AOCI) for

Market Amid Mixed Earnings Last Week; Google Inks $200B Cloud the company’s 70% ownership of F&G. - Mark HughesDeal with Anthropic

Biotech - Biotech/Pharma - IQVIA TRx Trends: Mounjaro TRx +3% w/ Hagerty, Inc. (HGTY, $10.30, Hold) - HGTY – Updating

w, Zepbound TRx +12% w/w Estimates Following 1Q Results, Guidance - We are raising our

full year 2026 Adjusted EBITDA forecast to $243 million fromPaper - Paper Update: Another Month, Another UCFS Price