Canaccord Genuity Price Target Increase Mr. Bereznicki also increased his Tidewater Midstream and Infrastructure Ltd. (TWM-T) target to $1.90 from $1.80, topping the $1.88 average, with a “buy” rating.
“We are looking for a relatively steady Q3/21 operating performance on a sequential basis, with some accounting noise related to company’s recent IPO of its energy transition vehicle Tidewater Renewables (LCFS-T). More specifically, Tidewater now retains a 69-per-cent ownership position in LCFS, which dictates a full consolidation as per IFRS (along with provisions for minority equity interest),” he said.