TSX:AFN - Post Discussion
Post by
retiredcf on May 01, 2024 12:45pm
One More
Scotia’s Michael Doumet to $75 from $88 with a “sector outperform” rating.
“In 2023, AFN guided for 2023 EBITDA growth of more than 13 per cent and instead grew EBITDA by 25 per cent — highlighting the conservative approach management takes with its initial guide,” said Mr. Doumet .”For 2024, we believe the embedded conservatism in the guide will be able to “absorb” the incremental headwinds. While we appreciate that investors may need to wait until 3Q for evidence that AFN remains ‘on track’, we believe medium-term opportunity for a meaningful re-rate remains intact.”
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