Savaria Corp T.SIS

From Globe & Mail this AM

[SuperM]

Nice upgrade
GLTA
SM

Seeing a “compelling entry point,” Desjardins Securities’ Frederic Tremblay increased his Savaria Corp. (

SIS-T +0.60%increase

 

) target to $23.50 from $22.50 with a “buy” rating. The average is $21.36.

 

“We attended Savaria’s investor day on April 9,” he said. “As expected, rather than revealing new targets/guidance, the presentations and site visit provided additional clarity around top-line and profitability levers as the company remains focused on its Savaria One program, with sights still set on revenue growth to $1-billion and adjusted EBITDA margin expansion to 20 per cent. We are increasing our forecasts and target slightly and expect execution to be investors’ and management’s main focus in the coming quarters.”