Target Raised Previewing the Nov. 7 release of its third-quarter results, Desjardins Securities’ Gary Ho increased his target for Goeasy Ltd. to $160 from $155 with a “buy” rating. The average is $174.
“Boring as it may be (which we favour), we expect results in line with 3Q guidance, and stable credit trends,” Mr. Ho said. “We now expect rate cap implementation in July 2024, resulting in our raising our revenue yield forecasts, partially offset by higher financing costs. Net-net, our new 2025 adjusted EPS is $19.09 for an attractive 18-per-cent two-year CAGR [compound annual growth rate].”