TSX:AD.DB - Post Discussion
Post by
retiredcf on Feb 14, 2024 7:37am
Desjardins
Ahead of the March 14 release of its fourth-quarter results, Desjardins Securities’ Gary Ho bumped his Alaris Equity Partners Income Trust target to $20.50 from $20 with a “buy” rating. The average is $19.92.
“We tweaked our revenue estimates slightly while maintaining our EBITDA estimates,” said Mr. Ho. “AD’s portfolio remains healthy and we believe its larger investments (BCC and Planet Fitness) are both performing well. Lower risk-free rates also benefit FV on its common equity portfolio. We have now baked in a 5-per-cent dividend increase in 2H24.”
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