TSX:CHP.UN - Post Discussion
Post by
retiredcf on Apr 26, 2024 7:51am
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Canaccord Genuity’s Mark Rothschild upgraded Choice Properties REIT to “buy” from “hold” with a $14.50 target. Elsewhere, Desjardins Securities’ Lorne Kalmar cut his target to $15 from $15.50 with a “buy” rating. The average is $14.93.
“1Q was a staunch reminder of why we continue to like CHP: (1) steady, predictable operational performance; (2) disciplined capital allocation; and (3) rock-solid balance sheet. Despite strong execution by management, the stock has been a laggard among the retail peers in the year to date, delivering a total return of negative 5.6 per cent vs peers at negative 4.9 per cent. We continue to view CHP as a high-quality name with a defensive, in-demand portfolio deserving of a premium valuation,” said Mr. Kalmar.
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