Freedom Broker Maintains Hold on Amrep, Lowers Price Target to $22
Freedom Broker analyst Zhiger Kurmet maintains Amrep (NYSE:AXR) with a Hold and lowers the price target from $26 to $22.
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Hain, Dave & Buster’s and Radiant report earnings; Corning plans a $2B offering, while AMREP missed estimates.
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Freedom Broker analyst Zhiger Kurmet maintains Amrep (NYSE:AXR) with a Hold and lowers the price target from $26 to $22.
Filed: 2026-09-11 AccNo: 0001104659-26-107091 Size: 516 KB Item 2.02: Results of Operations and Financial Condition Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 5.07: Submission of Matters to a Vote of Security Holders Item 9.01: Financial Statements and Exhibits
Amrep (NYSE:AXR) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.44 by 88.64 percent. This is a 94.25 percent decrease over earnings of $0.87 per share from the same
The article compares two industrial stocks: Caterpillar, a construction and mining equipment leader with $67.6B in FY2025 revenue and $7.5B in free cash flow, and Corning, a materials science company with $15.6B in revenue growing 19.1% driven by AI infrastructure demand. While Caterpillar offers better valuation metrics (Forward P/E of 29.7x vs 45.7x), Corning benefits from AI tailwinds. Both stocks trade above historical averages, making them premium-priced choices for industrial investors.
Ciena Corporation has secured two major subsea cable deployments: upgrading the 17,000-km ACE route with 30+ Tb/s capacity using its WL6e technology, and deploying WL6e on FLAG's ECHO trans-Pacific cable system. The company's WL6e adoption has surpassed WL5e, and its disaggregated line systems hold roughly 70% market share. Ciena trades at a forward P/E of 37.35 and holds a Zacks Rank #1 (Strong Buy) rating.