TSX:AD.DB.A - Post by User
Post by
ace1mccoyon Mar 11, 2021 7:45am
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Upgrade G&M March 11
Upgrade G&M March 11 * Desjardins Securities analyst Gary Ho raised his target for Alaris Equity Partners Income Fund (AD-UN-T +0.99%increase
) ” by $1 to $29 with a “buyrating, while Scotia Capital’s Phil Hardie increased his target to $19 from $18.50 with a “sector perform” recommendation. The average is $19.13.
“AD has a diverse portfolio. We are encouraged by the strong capital deployment year-to-date and turnaround at PFGF and Kimco. With potential PFGF distribution increases in 2H21, the payout ratio could drop further to the low-60-per-cent range. FED and Kimco redemptions may also result in a windfall for AD. The units remain attractively valued,” said Mr. Ho.