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

Primary Symbol: T.CHE.DB.E Alternate Symbol(s): T.CHE.DB.G | CGIFF | 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 > Analysts update

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Post by incomedreamer11 on Feb 09, 2023 11:28am

Analysts update

Desjardins Securities’ Gary Ho raised his target for Chemtrade Logistics Income Fund (CHE.UN-T) to $13.50 from $13 with a “buy” rating. The average is $11.57.

“We recently hosted CHE’s CEO and CFO for a full day of virtual marketing and a well-attended institutional group lunch,” said Mr. Ho. “We are encouraged to hear a refreshed CHE story with greater emphasis on organic growth (especially on exploiting the UPA opportunity) while remaining disciplined on balance sheet strength. We tweaked our estimates, factoring in management’s 2023 guidance.”

“Our positive view is based on: (1) multiple chemicals in CHE’s portfolio having relatively recession-resistant attributes; (2) tremendous ultra-pure and hydrogen opportunities; and (3) consistent execution and a repaired balance sheet should restore investor confidence and warrant a valuation re-rate.”

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