BMO BMO’s tienne Ricard raised his Goeasy Ltd. target to $218 from $215 with an “outperform” rating. The average is $233.89.
“While goeasy’s credit metrics are reflecting an unsurprisingly weaker consumer financial health, the outlook for realized losses is stable underpinned by tighter underwriting policies and an increasingly larger secured loan portfolio. Further, management is seeing record customer demand afforded by favorable competitive dynamics. The outlook for high-teens earnings growth and 21-per-cent-plus ROE leading to 2026 is intact; we reiterate our Outperform,” said Mr. Ricard.