Post by
danche on Jun 26, 2020 9:55am
Scotia Outperform $9.50
We hosted virtual investor meetings and a conference call with MTL's senior executives, including Murray Mullen, Chairman, CEO & President, and Stephen Clark, CFO. We came away with more conviction in our positive investment thesis, particularly related to fundamental outlook, shareholder returns, and valuation. We re-iterate our Sector Outperform rating and $9.50 target, and see a significant value in MTL shares at current levels.