OTCPK:ICPVF - Post by User
Post by
hawk35on Mar 31, 2020 10:47am
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Post# 30863970
Additional Comments From Globe and Mail today
Additional Comments From Globe and Mail today CIBC World Markets analyst Robert Catellier raised the stock to “neutral” from “underperformer” and raised his target to $13.50 from $11.
“The company announced significant corporate actions designed to retain cash flow and self-fund the equity portion of its capital plan,” said Mr. Catellier. We view these actions as appropriate given the current global energy market and COVID-19 pandemic. We are raising our EV/EBITDA-multiple-based price target to $13.50 (was $11). With the funding risk resolved and the potential return to our price target, we are raising our rating to Neutral."
Stifel FirstEnergy analyst Ian Gillies raised the stock to “buy” from “hold” with a $22 target, jumping from $16.