Scotia Capital Scotia’s Phil Hardie dropped his Trisura Group Ltd. target to $49 from $55 with a “sector outperform” rating. The average is $53.
“Recent share price weakness has likely created an attractive risk-reward proposition for owning Trisura and created a compelling entry point for the stock,” he said. “Our base case yields a potential upside of over 62 per cent, while we see a downside risk of 15 per cent. In an optimistic bull base, we see an upside potential of 90 per cent over the next twelve months.”