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Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN

Alternate Symbol(s):  ECNNF | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B | T.ECN.P.C | ECNCF

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial... see more

TSX:ECN - Post Discussion

View:
Post by retiredcf on Jan 24, 2023 8:53am

CIBC

CIBC World Markets’ Diversified Financials analyst Nik Priebe made a series of target price adjustments to stocks in his coverage universe on Tuesday.

His changes included:

  • ECN Capital Corp. ( “outperformer”) to $4.50 from $6. Average: $4.75.
Comment by Smallcap123123 on Jan 24, 2023 2:16pm
It's crazy how a price target cut (one that was obviously coming because the analysts are following the price down) wipes out all the momentum. I actually feel that most of the selling pressure is from north peak having fund redemptions.... it put a lot of pressure on a very illiquid stock. I don't think Ecn is getting the credit they deserve for the 270~ Canadian dry powder they freed up ...more