Scotia Capital Scotia Capital’s Adam Buckham reduced the firm’s target for dentalcorp Holdings Ltd. to $16 from $19, keeping a “sector outperform” rating, upon assuming coverage of the Toronto-based company. The average is $17.14.
“Dentalcorp not only offers investors unique exposure to the dentistry market in Canada, but also significant scale and reach, generating more than $1.3 billion and $246 million in pro forma revenue and EBITDA, respectively, from its 526 practices and more than 4.5 million annual patient visits,” he said. “To sum up our view, we believe the DNTL story is ‘worth sinking your teeth into.’”