Bullboard - Stock Discussion Forum Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.DB.F | T.CHE.DB.G | T.CHE.DB.H | T.CHE.UN

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental... see more

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TSX:CHE.DB.E - Post Discussion

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Desjardins Upgrades ; G&M

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Post by ace1mccoy on Oct 13, 2021 9:29am

Desjardins Upgrades ; G&M

This was in the G&M upgrades and thought I'd post it .
I'm considering buying this for income with an 8% yield.

In response to a surge in chemical prices, Desjardins Securities analyst David Newman upgraded Chemtrade Logistics Income Fund (CHE.UN-T) on Wednesday.

“We are moving to a Buy (from Hold) despite some near-term challenges (impact of the Vale strike, transitory margin pressure on water solutions) given the strong rally in chlor-alkali (caustic soda and HCl/chlorine) and sulphuric acid prices, rising industrial production, increasing refinery utilization rates and secular tailwinds in the semiconductor market,” he said.

Maintaining his third-quarter financial projections, which fall in line with the Street’s view, Mr. Newman raised his target from Chemtrade units to $10 from $8. The average target is $8.93.

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