Analyst Update Globe says Hansen keeps EnWave at "market perform"
EnWave Corp (C:ENW)
Shares Issued 111,629,755
Last Close 5/28/2021 $1.20
Monday May 31 2021 - In the News
The Globe and Mail reports in its Saturday, May 29, edition that Raymond James analyst Steve Hansen has an unchanged "market perform" rating doe EnWave. The Globe's David Leeder writes that Mr. Hansen trimmed his share target by 40 cents to $1.45, 10 cents above the consensus. Mr. Hansen says in a note, "While we continue to admire EnWave's accelerating machine order prospects, we have elected to trim our target price to account for a slower-than-expected sales transition at the company's NutraDried segment." The Globe reported on Sept. 2 that Mr. Hansen had upgraded EnWave to "outperform" from "market perform." The shares could then be had for 94 cents. The Globe reported on Dec. 23 that Industrial Alliance Securities analyst Neil Linsdell had reiterated his "buy" call on EnWave. The shares could then be had for $1.18. The Globe reported on March 4 that Mr. Hansen had cut his rating for EnWave to "market perform" from "outperform." He cited the "renewed uncertainty associated with the company's near-term NutraDried prospects" in justifying his downgrade. The shares could then be had for $1.43.
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