Bullboard - Stock Discussion Forum Alaris Royalty Corp ALARF

Industrials Conglomerates

"Alaris Royalty Corp is engaged in investing in operating entities. Its operations consist primarily of investments in private operating entities, typically in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, loans receivable, or long-term license and royalty arrangements."

Add To Watchlist

GREY:ALARF - Post Discussion

Alaris Royalty Corp > from today's G&M

View:

Post by jcjohn36 on Mar 03, 2020 10:59am

from today's G&M

Citing a “more conservative” outlook, CIBC World Markets analyst Scott Fromson downgraded Alaris Royalty Corp. (AD-T) to “neutral” from “outperformer” and lowered his target to $21.50 from $25. The average is $22.12.

Mr. Fromson said: “We have had a bit more time to digest Alaris’ mandatory redemption of its Sandbox investment, and the associated write-off. We understand that such events occur from time to time – the timing of this one is difficult. We aren’t changing our view that Alaris can continue to deploy capital, taking advantage of ample available liquidity. But our bigger concern over the next 12-18 months is that economic pressures will dampen portfolio organic growth, thus limiting dividend growth; we have lowered our revenue, CFPS and dividend estimates accordingly.”

335