Extendicare Inc T.EXE

RBC warming up to EXE

[logicandinertia]

Bloomberg) --

Extendicare shares rise as much as 3.4%, to their highest intraday level since August, as RBC Dominion Securities analyst Pammi Bir says the home healthcare provider is “finding its footing” after three years of challenges.

• “Signs of a sustained earnings recovery is a likely prerequisite for a stronger valuation,” Bir writes, noting recent quarterly results showed “improving growth profile” and the stock has “taken its first steps”
  • Notes “setup is looking better as operating environment continues to stabilize”