TSX:CHE.DB.E - Post by User
Post by
GregC24on Oct 26, 2023 8:23am
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Post# 35701703
From the G&M
From the G&M * Desjardins Securities’ Gary Ho increased his target for Chemtrade Logistics Income Fund to $12 from $11.50 with a “buy” rating prior to its quarterly release on Nov. 14. The average is $11.71.
“We have formally baked in the new guidance raise in our model while pushing the resumption of the Arizona project to mid-2024,” he said. “With deferred growth capex, we expect buybacks (to offset converts dilution) in 2025 while leverage remains sub-2.5 times over the forecast horizon.”