So this anal is has $ 3 target That's 4-5% from $ 2.88. Basically exactly what I said . Dividend paying dog. It will be interesting to see AD.UN up side going forward in comparison to DIV.
DJ Diversified Royalty's Mr. Lube Business Seen As Price-Driver -- Market Talk
Dow Jones - Updated 20 hours ago
1506 ET - Diversified Royalty's oil changes and maintenance services business should help drive the stock in 2024, according to CIBC's John Zamparo. The analyst says in a note that 4Q same-store sales growth at the company's Mr. Lube business increased 14%, easily beating CIBC's 7% estimate. "We believe momentum should continue into early 2024, and we estimate SSSG of +11% this year, with results moderating through the year," Zamparo says. The analyst adds that lower interest rates, the possibility of M&A and the continuation of strong same-store sales growth should help drive the stock to his C$3 price target. Shares are currently up 1.6% to C$2.90.(adriano.marchese@wsj.com)
(END) Dow Jones Newswires
March 25, 2024 15:06 ET (19:06 GMT)
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