TSX:EFN - Post Discussion
Post by
SuperM on Oct 26, 2021 9:03am
From Globe & Mail this AM - RBC Analyst
Mr. Kwan also reaffirmed Element Fleet Corp. (
) as his “best idea,” seeing it “a relative winner in a higher inflation and/or interest rate environment.” He has an “outperform” rating and $19 target (unchanged) for its shares. He said: “Although EFN has been executing on its growth strategy, we think recent weakness in the share price already reflects investors’ expectation that originations are likely to be subdued for the next few quarters due to the chip shortage, although there are recent early signs that OEM production has troughed and is improving. GLTA
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