Analyst Opinion Globe and Mail Sep 28 2023This is from The Globe and Mail September 28, 2023. Kind of echoes what we have been saying here
After resuming coverage following Skyline Champion’s $185-million equity investment, Mr. Priebe also lowered his target for ECN Capital Corp. (
) to $2.75 from $3 with a “neutral” rating. The average is $3.21.
“We interpreted the new partnership to be a net positive to ECN shareholders, along with a constructive update on the expansion of funding relationships,” said Mr. Priebe. “We continue to rate the stock Neutral as we await more convincing signs that a natural demand recovery is materializing in ECN’s core markets, but acknowledge that there is a lot of torque to the upside.”