RBC Raised * RBC’s Paul Treiber raised his Information Services Corp. (ISV-T) target to $32 from $27 with a “sector perform” rating, while CIBC’s Stephanie Price increased her target to $35.50 from $33, topping the $33.65 average, with an “outperformer” rating and Raymond James’ Stephen Boland bumped up his target to $37 from $31 with an “outperform” recommendation.
“With robust activity in the Saskatchewan real estate market and strong organic growth in services, ISC reported solid Q2 results, with revenue, adj. EBITDA and adj. EPS well above expectations. Momentum appears likely to continue in the near-term, though growth is likely to decelerate back towards historical averages in 2022 and beyond,” said Mr. Treiber.