RBC Upgrade RBC Dominion Securities analyst Geoffrey Kwan has a “constructive” outlook for Canadian diversified financial companies in 2020, however he reaffirmed the fallout from the COVID-19 pandemic remains a key risk.
In a research report released Monday, Mr. Kwan said his coverage universe “could do significantly better” in 2021 following a year of underperformance.
Mr. Kwan’s top “sleeper ideas” are: Fiera Capital Corp. (FSZ-T), Home Capital Group Inc. (HCG-T) and ECN Capital Corp. (ECN-T).
Mr. Kwan also made the following target changes:
- ECN Capital Corp. (ECN-T, “outperform”) to $8 from $7.50. Average: $7.35.