TSX:CHE.DB.E - Post by User
Post by
kijijion May 15, 2023 1:39pm
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Raises Price Target on Chemtrade Logistics Income Fund
Raises Price Target on Chemtrade Logistics Income Fund National Bank Raises Price Target on Chemtrade Logistics Income Fund Following 'Bullish Tone' of
(MT Newswires) -- National Bank said over the weekend that it has raised the price target on Chemtrade Logistics Income Fund (CHE-UN.TO) to $12.50 from $11.50 after noting that the outlook remains bullish following the first-quarter conference call.
"We will characterize the conf. call of having a bullish tone (further supporting the strong 2023 guidance) as mgmt. expects the factors that contributed to the Q1/23 beat to continue," the analysts said.
National Bank has maintained its outperform rating on the company.
Chemtrade Logistics is a diversified provider of industrial chemicals and services to both North and South American consumers.