Core Viewpoint - The article summarizes key research rating adjustments from Wall Street that are likely to influence market trends, highlighting companies with upgraded, downgraded, and newly initiated ratings [1][6]. Upgraded Ratings - Toll Brothers (TOL): JPMorgan upgraded the rating from "Neutral" to "Overweight," raising the target price from $138 to $161, citing significantly higher gross and operating margins compared to industry averages [5]. - Toast (TOST): JPMorgan upgraded the rating from "Neutral" to "Overweight," maintaining the target price at $43, with expectations of improved performance if regulatory policies on transaction fees are implemented [5]. - Accelerant (ARX): Citizens JMP upgraded the rating from "Market Perform" to "Outperform," setting a target price of $20, indicating that market concerns over its related party business have been overstated [5]. - UMH Properties (UMH): Colliers upgraded the rating from "Neutral" to "Buy," increasing the target price from $16 to $17, highlighting the resilience of the manufactured housing sector [5]. - Descartes Systems (DSGX): Raymond James upgraded the rating from "Market Perform" to "Outperform," setting a target price of $118, noting that the current price-to-EBITDA ratio is near a 10-year low, positioning it well for a market recovery [5]. Downgraded Ratings - PayPal (PYPL): JPMorgan downgraded the rating from "Overweight" to "Neutral," lowering the target price from $85 to $70, indicating that 2026 will be a critical year for execution and investment [5]. - Sociedad Química y Minera (SQM): Goldman Sachs downgraded the rating from "Buy" to "Neutral," raising the target price from $45 to $63, as the stock has risen 80% this year, exceeding fundamental support [5]. - Lennar (LEN): JPMorgan downgraded the rating from "Neutral" to "Underweight," lowering the target price from $118 to $115, maintaining a cautious stance on the residential builders sector for 2026 [5]. - Halozyme (HALO): Goldman Sachs downgraded the rating from "Neutral" to "Sell," setting a target price of $56, expressing concerns over the ambitious revenue targets set for 2041 [5]. - Fidelity National Information Services (FISV): JPMorgan downgraded the rating from "Overweight" to "Neutral," maintaining the target price at $85, indicating that 2026 will be a year requiring proof of execution [5]. Newly Initiated Ratings - United Airlines (UAL): Citigroup initiated coverage with a "Buy" rating and a target price of $132, citing a positive outlook for the airline industry [10]. - General Electric Aviation (GE): Susquehanna initiated coverage with a "Positive" rating and a target price of $350, noting its dominant position in the commercial aviation engine market [10][12]. - Hershey (HSY): Jefferies resumed coverage with a "Hold" rating and a target price of $181, acknowledging the company's strategies to manage cocoa cost pressures while noting high current valuations [10][13]. - Monday.com (MNDY): Guggenheim initiated coverage with a "Buy" rating and a target price of $250, indicating a potential 64% upside from current levels [10][13]. - Cava Group (CAVA): Truist initiated coverage with a "Buy" rating and a target price of $66, highlighting its leadership in the Mediterranean fast-casual dining sector [10][13].

在原材料方面，费列罗从食品原料源头开启品质管理，关键原料甄选自世界优质产地。严格管控原料供 应链，对榛子、可可、奶粉等关键原料实施单独分区，并严格控制每个环节的温湿度，确保每一种原材 料的新鲜优质。不仅管控成品新鲜度，对原料新鲜度要求也极为严苛，如奶粉新鲜度精准控制在8个月 以内，远远小于一般市场通常为两年的保质期时限。 韩鑫君表示，实现食品安全零风险管理和始终对品质执着追求，依赖的不仅仅是制度，还有每一位费列 罗员工对食品安全的价值认同。"在费列罗，我们非常注重构建食品安全文化，并以此构建食安内生动 力，实现责任与效益的双赢。"韩鑫君称。 在生产过程方面，费列罗严格实施卫生分区管理，在每一个关键质量控制点进行精准质量把控。以异物 管控为例，有包括筛网过滤，金属异物探测器，和食品用X光检测仪等多道专用设备来确保食品安全与 质量。在生产线上还最新应用了人工智能相机对每一个产品的外观与包装进行自动监测，以追求产品质 量零缺陷管理。 中国经济网北京9月12日讯（记者华青剑）由经济日报社主办、中国经济网承办，主题为"尚德守法 共 享食安"的第十六届中国食品安全论坛9月11日在京举办。费列罗中国食品安全与质量负责人韩鑫 ...