Jacks TP and Outperformer Rating * After better-than-expected quarterly results, CIBC World Markets analyst Kevin Chiang raised his Mullen Group Ltd. (
) target to $15.50 from $14.75 with an “outperformer” recommendation, while BMO’s John Gibson increased his target to $18 from $17 with an “outperform” rating. The average is $15.41.
“MTL’s Q2/21 results were above expectations, driven by resiliency in its consumer-related businesses and a surprise from its recent Bandstra acquisition. The company also raised its M&A revenue guidance, based on a strong start to its acquired businesses,” said Mr. Gibson