IBI Group Inc T.IBG.DB.E

Top small cap pick

[HermannHaller]

NBF reviewed the industrial sector and made IBG top small cap pick.

The target price was raised to $20.

[oldinvestor64]

can you post the link?

[HermannHaller]

I can't link you to my broker account, but there is a mention of it at G&M: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-wednesdays-analyst-upgrades-and-downgrades/

[oldinvestor64]

thank you

[Calgaryrider]

In a research report on the Industrial Products space, National Bank Financial analyst Maxim Sytchev made a series of target price adjustments to stocks in his coverage universe on Wednesday. “In the engineering space, we continue to like WSP and IBI,” he said. “Colliers is our go-to for the commercial real estate rebound. Construction will likely face a tougher H1/22E as COVID-related delays

[Calgaryrider]

After letting this soak in a little, a $20 (50% premium) call is something we've proabably never seen with regards to IBG coverage. Maxim Sytchev had always been mid-pack, if not lagging, in his price targets. I also can't remember price targets being adjusted in the middle of quarterly results like this. It's nice to see (for once) and very positive that he's taking this stance