Stifel Hikes G&M * Stifel analyst Maggie MacDougall raised her target for Storagevault Canada Inc. (SVI-X) to $5.70 from $5, maintaining a “buy” rating. The average is $5.21.
“On Tuesday we had the opportunity to accompany SVI CEO Mr. Steve Scott on investor meetings,” she said. “We came away with strong conviction that SVI has a good year ahead, with organic growth tailwinds, margin growth and further M&A all on the table. Given considerable pricing power, short duration customer leases, low fixed rates on 90-per-cent of its debt and the potential for a further growth tailwind as immigration in Canada resumes, we have increased our target.