Market under-appreciates the long-term value-creating opp. 07:10 AM EST, 02/06/2024 (MT Newswires) -- RBC Capital Markets initiated coverage of WELL Health Technologies Corp. (WELL.TO) with an Outperform rating and $5.50 price target.
Analyst Douglas Miehm said the Vancouver-based digital health technology company that is Canada's largest owner and operator of outpatient health clinics, is complex and misunderstood.
Miehm said "the market under-appreciates the long-term value-creating opportunity in transforming CDN primary/Dx care, as underscored by our strong forecasted ROIC and IRR metrics for recent acquisitions