02:50 PM EDT, 10/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $6 to $60, on an EV/EBITDA of 12.0x our next-12-month EBITDA estimate of $3.14B, reflecting a valuation more in line with peers (14.7x weighted average) as we moderate our discount given the company's newly independent status. We raise our 2025 EPS estimate by $0.22 to $2.60 and lower 2026 by $0.24 to $2.78, reflecting 2025 performance exceeding expectations and the potential headwinds that may materialize in 2026. We begin our 2027 EPS view at $3.19. We see emerging policy headwinds from the Trump administration's infrastructure project funding freeze and threats of permanent cuts. We expect financial impacts to surface in Q1 2026 results given typical project-to-revenue lag times and potential revisions to guidance during Q4 earnings. Visibility into the broader impact remains constrained as U.S. Census Bureau data releases are paused during the shutdown, though a strong market reaction is possible if significant funding declines are revealed when data reporting resumes.