CormarkRevisiting Target Price: DE's stock price has hit/exceeded our prior target price of $9.50
that was established in mid-2023. We are revising our target price on the back of DE's
ongoing execution and recent debt financing transaction that further improves positioning
of the platform to deploy growth capital and exploit the huge opportunity set of investment
opportunities. Our target price is now $14.00 with details discussed below and outlined in
Figures 1-4. We maintain our Buy rating.