National BankAs for the NFI comment, comparing electric vehicles with a population that continues to age seems a bit lame. Our demand will remain strong. But as we're now seeing with many stocks, analysts are being extremely cautious in these incredibly volatile markets. GLTA
Ahead of its first-quarter earnings release, National Bank’s Zachary Evershed cut his Savaria Corp.(SIS-T) target to $23 from $23.50 with an “outperform” rating. The average is $24.17.
“Given broader inflation is an industry-wide issue, we expect Savaria to continue adjusting prices prudently and in line with competitors,” he said. “We note that price hikes require approximately 60 days to take effect and that to catch up, Savaria has implemented previously disclosed price increases during Q1. We believe that past the inflation hump, pricing actions will have a neutral effect on margins and competitive positioning, all else equal.”