More Reactions National Bank’s Cameron Doerksen cut his Heroux-Devtek Inc. target to $23, above the $22.90 average, from $25 with an “outperform” rating. Other changes include: Raymond James’ Bryan Fast to $19 from $20.50 with an “outperform” rating, Scotia’s Konark Gupta to $18 from $21 with a “sector outperform” rating and Desjardins’ Benoit Poirier to $25 from $27 with a “top pick” recommendation.
“With encouraging signs that the air travel recovery is well on its way, we believe HRX offers a compelling value proposition, with an attractive valuation and a healthy balance sheet to opportunistically unlock inorganic growth opportunities,” Mr. Poirier said.