Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.G

Primary Symbol: T.CHE.DB.E Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Desjardins Raised TP

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Post by ace1mccoyon Apr 25, 2024 8:55am

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Post# 36006721

Desjardins Raised TP

Desjardins Securities’ Gary Ho raised his target for Chemtrade Logistics Income Fund (CHE-UN-T +0.47%increase

) to $12.50 from $12, keeping a “buy” rating, ahead of the May 15 release of its first-quarter results. The average is $12.

“We believe the quarter is on track, with most chemicals performing as expected,” he said. “We increased our EBITDA estimate for 1Q to $98-million (from $96-million) and for 2024 to $410-million vs consensus and the guidance mid-point of $415-million. If its Arizona UPA project pauses longer than expected, tuck-in M&A is a possibility to put capital to work.”

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