Thursday’s analyst upgrades and downgrades

Gildan News

Thursday’s analyst upgrades and downgrades
TrpGrowthTarget
  • 📰 globebusiness
  • ⏱ Reading Time:
  • 82 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 71%
  • Publisher: 66%

Inside the Market’s roundup of some of today’s key analyst actions

RBC Capital Markets analysts Robert Kwan and Maurice Choy are bullish on Canada’s Energy Infrastructure sector, believing it offers investors “multiple ways to gain low-risk exposure to North America’s multi-year energy growth that lies ahead.”

“Considering South Bow as a pure-play crude oil transportation, storage and marketing opportunity, we highlight two major investment themes: the long-term committed contract nature of the pipeline assets supported by investment grade counterparties; and a Canadian/U.S. supply/demand dynamic supporting sustainable and incremental WCSB crude oil exports longer-term,” he said.

“With a renewed focus on natural gas utility-like infrastructure poised to benefit from the broader electrification trends and expectations of continued valuation momentum, our target moves to $60 ,” he added. “Combined with $3-per-share further upside to our valuation contingent on the company confirming no further asset sales beyond 2024 upon mechanical completion of the Southeast Gateway Pipeline , we reiterate our OP rating ahead of TRP’s investor day update later this fall.

Mr. Landry does not expect any “major surprises” from Gildan’s third-quarter 2024 results, which are expected to be released in early November. He’s currently projecting adjusted earnings per share of 84 US cents, up 14 per cent year-over-year and in line with the consensus estimate of 85 US cents. “Gildan’s 2027 outlook calls for EPS growth in the mid-teens annually, which is higher than historical growth rate of 10 per cent in the last 10-years,” he said. “Our confidence in Gildan’s long-term plan has improved given recent trends and better visibility on future growth drivers. As a result, we believe that Gildan’s valuation could re-rate higher as investors are likely to assess higher valuation multiple due to the faster growth profile.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globebusiness /  🏆 31. in CA

Trp Growth Target Rating Cotton Sector Cent National Bank Doug Taylor Stifel

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What’s inside Ottawa stays inside—and there is no confidence that will changeWhat’s inside Ottawa stays inside—and there is no confidence that will changeThe Hill Times
Read more »

First Degree Reiki Course at The Healing Loft ***Thursdays September 12th, 19th and 26th, 2024First Degree Reiki Course at The Healing Loft ***Thursdays September 12th, 19th and 26th, 2024First Degree Reiki Course at The Healing Loft ***Thursdays September 12th, 19th and 26th, 2024 - 6pm-9:30pm each night.
Read more »

A lake that borders Coquitlam's Burke Mountain could lead to a vast treasure of gold and this TV series takes you thereA lake that borders Coquitlam's Burke Mountain could lead to a vast treasure of gold and this TV series takes you thereSeason two of Deadman's Curse airs on Thursdays on the History channel, beginning Sept. 12.
Read more »

Grifols Postpones Capital Markets Day Amid Potential TakeoverGrifols Postpones Capital Markets Day Amid Potential TakeoverGrifols SA’s board postponed its capital markets day as Brookfield Asset Management carries out due diligence on a potential takeover offer.
Read more »

Stocks Fall Before Manufacturing Data; Yen Rallies: Markets WrapStocks Fall Before Manufacturing Data; Yen Rallies: Markets WrapAsian stocks were poised for a steady open Tuesday, with investors holding their nerve as concerns mount over China’s economic woes.
Read more »

Why September is a historically bad month for US marketsWhy September is a historically bad month for US marketsUS stocks (^DJI,^GSPC, ^IXIC) are under pressure as Wall Street kicks off its first trading day of September. The market's worst month historically is...
Read more »



Render Time: 2025-02-14 20:12:09