Calls of the Day: Regeneron, Booking Holdings, General Dynamics and Fiserv

分组1 - Regeneron is highlighted as a top pick for 2026 with a price target of $800, reflecting strong value performance expectations [1] - The company trades at 16.5 times earnings with a 5% free cash flow yield and is projected to have 20% earnings growth, despite shares being down 1% this year [2][3] - Booking Holdings is also identified as a top pick with a new price target of $6,250, supported by strong consumer spending in the travel industry, leading to a 14% stock increase [3][4] 分组2 - General Dynamics is noted as a top defense pick with a price target of $400, benefiting from increased US defense spending focused on naval assets in the South China Sea [4][5] - Fiserv is experiencing its worst year with a 68% decline year-to-date, but analysts maintain an outperform rating with a price target of $110, suggesting potential for recovery [6][7] - The management of Fiserv is focused on regaining credibility and returning to double-digit earnings growth, which has been impacted by issues related to their business in Argentina [9][10][12]