OTCQX:HEOFF - Post by User
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Nadia6519on Feb 15, 2023 8:59am
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Post# 35286973
In this morning's G&M
In this morning's G&M * Canaccord Genuity’s Yuri Lynk raised his H2O Innovation Inc. (HEO-T) target to $3.50 from $3.25 with a “buy” rating. Others making changes include: Desjardins Securities’ Frederic Tremblay to $3.65 from $3.50 with a “buy” rating and National Bank’s Endri Leno to $3.25 from $3 with an “outperform” rating. The average is $3.48.
“Our investment thesis is based on 1) HEO continuing to profitably grow as it focuses on recurring revenues and higher-margin work; 2) continued multiple expansion on improving results; and 3) multiple positive macro trends including aging U.S. water infra, increasing water desalination/reuse needs, municipalities outsourcing operation and maintenance of water facilities, fragmented industry, etc.,” said Mr. Leno.