TSX:CHE.DB.E - Post by User
Post by
ace1mccoyon May 10, 2022 8:56am
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Post# 34669799
Desjardins Raises ; G&M
Desjardins Raises ; G&M * Following a “massive” first-quarter beat, Desjardins Securities’ Gary Ho raised his Chemtrade Logistics Income Fund (
) target to $11 from $9.50, keeping a “buy” rating. The average is $9.61.
“Given the positive outlook for most chemicals, including continued strength in caustic soda prices, the revised guidance appears conservative,” he said.
“Our positive view is based on: (1) rally in chemicals and reopening will drive EBITDA growth; (2) tremendous ultra-pure and hydrogen opportunities; and (3) management change leading to a valuation re-rate.”