Analyst raises targetFrom today's G&M:
* IA Capital Markets analyst Neil Linsdell raised his target for Supremex Inc. to $4.50, matching the consensus, from $4.25 with a “buy” rating.
“The Company has managed to maintain good growth, pricing power, and profitability despite negative impacts from COVID-19, supply chain constraints, and labour shortages. We expect the Company to continue managing the secular decline in Envelope, gain market share in the U.S., and further shift towards more Packaging, with an active M&A strategy,” said Mr. Linsdell.