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The desk research, the way the analysts wrote it. 分析师原文研报，原汁原味呈现。

Showing the latest saved institutional reports.Refreshing the latest institutional reports. New buy-side and sell-side desk reports land here hourly — read the ones that touch what you hold. 正在显示最近保存的机构研报。正在刷新最新机构研报。买方与卖方研究每小时更新至此 —— 挑与你持仓相关的读。

The research the desks write for their clients — now on yours. 机构写给客户的研报 —— 现在也在你手中。
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Refreshing the latest reports…正在刷新最新研报…
J.P. MorganSELL

JPM US Market Intelligence Macro Week Ahead CPI, PPI and Retail Sales Next Week

  • **Key Macro Data Releases**: ADP Employment (Aug 11), CPI/Real Avg Hourly Earnings (Aug 12), Retail Sales (Aug 14) critical for labor market, inflation, and consumer spending fundamentals.
  • **US-China Trade Truce Expiry**: Expiration (Nov 1) and APEC/G20 summits (Nov 18–19, Dec 15–16) pose immediate policy uncertainty and trade risk.
  • **Global Growth Data**: Germany CPI revision (Aug 12), UK GDP/Private Consumption (Aug 13), France CPI (Aug 14), Eurozone GDP/employment (Aug 14) dominate European monetary policy narratives.
Aug 6, 2026 · 17:55 UTC
Deutsche BankSELL

elf Beauty Aug 6

  • **Q2 Results & Margin Catalyst**: Q1 2027 beat with $479M net sales (+35.5% YoY) and $168M adjusted EBITDA (+93.2% YoY), driven by Rhode momentum and $500M IEEPA tariff refunds; adjusted EBITDA margin (35.1%) beat Street (31.4%) by 370 bps.
  • **Upgraded FY27 Guidance**: Sales growth guidance raised to +18-20% (vs.
  • +12-14%), with revenue growth +20.6% (vs.
  • +15.1%), EBITDA $412M (+$28M), and EPS $3.58 (+$0.39) due to stronger Rhode trends and pricing.
Aug 6, 2026 · 17:52 UTC
J.P. MorganSELL

JPM Europe Equity Research | Today’s Morning Meeting

  • **DHL Group**: 30% y/y EBIT growth, 15% PT upside via Express leverage; organic growth acceleration (TDI weight/day +9.4% y/y), 2027 P/E 14x, EPS >10% growth to 2029 - **Fresnillo Plc**: 70% upside PT €47.00 with 10% dividend yield; operational improvements, special dividend, and project cash returns (Herradura Valles, Noche Buena) - **Geopolitical Risk**: Middle East conflict volatility forces PPC to deem FY26 guidance upgrade premature despite strong YTD delivery; critical factor for portfolio positioning - **Smith & Nephew**: Rating downgrade (OW→N), PT cut GBP1,438→GBP1,290; structural headwinds signal valuation unattractiveness despite prior premium multiple - **Technip Energies**: Rating downgrade (OW→N), PT cut €44.00→€35.00; EPS decline (-29.4% current) indicates severe earnings deterioration and portfolio risk - **European Gas Storage**: Low European gas storage underpins positive earnings momentum for utilities/generators; critical data release for fundamentals - **EPS Growth vs.
  • Decline**: Strong growth in "Increases" (e.g., Siemens Energy +8.5% next) signals robust fundamentals; "Decreases" (e.g., Technip -29.4%) highlight severe deterioration risk
Aug 6, 2026 · 17:32 UTC

900 more institutional reports还有 900 篇机构研报

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Not investment advice. The Research Vault hosts third-party institutional research for reference and education. Highlighted reports are chosen for the quality of their argument, not as recommendations to buy or sell. Documents are provided by their authors; ratings and views are the authors', not ours. Access is metered and every download is watermarked — not for redistribution. 非投资建议。研报库仅收录第三方机构研究，供参考与学习之用。精选报告因其论证质量入选，并非买卖建议。文档由作者提供，其中评级与观点均属作者本人，与本平台无关。访问受配额限制，下载均加水印 —— 不得转发。

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