TSX:CHE.DB.E - Post by User
Comment by
GregC24on Jun 27, 2022 9:48am
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Post# 34784236
RE:Scotia comment
RE:Scotia commentincomedreamer11 wrote:
(Relatively) Recession Resilient - Upgrading to Outperform
OUR TAKE: Positive. We have upgraded CHE to Outperform, as we believe the business model can outperform its basic chemical peers through a recession, at least on a relative basis. Our revised PT moves to $10.25 from $9.50.
Inside Our Note
How is that possible? Kherson said that the Q1 guidance had already accounted for the current caustic soda price? Was he lying? Uninformed? Or both?