Six Weeks AgoJust stumbled into this from six weeks ago. Yes we have a war and rising inflation but fail to see why our SP has taken such a beating over that timeframe. Seems like a serious overreaction by nervous investors in the market. GLTA
Seeing its acquisition of Concentra Bank as “a big step forward,” Cormark Securities analyst Jeff Fenwick hiked his Equitable Group Inc. target to $105 from $95, reaffirming a “buy” recommendation. The average is $96.50.
“Equitable Group has weathered the Covid crisis exceptionally well and has continued down the path to becoming a true digital ‘challenger bank,’” he said. “The combination of a strong capital position, a more diversified funding base, and a growing product set positions EQB to continue to produce strong earnings growth and ROE. To this profile, the acquisition of Concentra Bank provides meaningful scale and diversification while accelerating the strategic growth plans of the firm.”