TSX:BEI.UN - Post by User
Comment by
malx1on Sep 17, 2024 1:30pm
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Post# 36227526
RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results
RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results autofocus111 wrote: Total return in the last five years has been mediocre. Do you truly believe TD's story for a $59 target? I have serious doubts about it.
AUTOFOCUS111 has serious doubts about $59 target as of (8/16/2021 2:51:18 PM)
Well, today we see $100 target from Raymond James.
How about them apples?
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Globe says Boardwalk REIT rated "outperform" 2024-09-06 07:31 ET - In the News The Globe and Mail reports in its Friday edition that Raymond James analyst Brad Sturges, citing "the positive total return performance due to a change in the interest rate environment in 3Q24," increased his unit target for Boardwalk REIT to $100 from $96. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $91.20. Mr. Sturges says in a note: "Boardwalk's rating [is] adjusted to 'outperform' after strong total return performance in the past two years. Boardwalk's above-average near-term NAV/unit and 2025E AFFO/unit growth prospects now appear to be more fairly valued after significantly outperforming the broader Canadian REIT/REOC sector in 2023 and 2024 YTD, with Boardwalk trading in-line with its NAV/unit estimate of $86.50 per unit (utilizing a 5.25-per-cent average applied cap rate). That said, our new 'outperform' rating for Boardwalk reflects: 1) above-average near-term SP-NOI growth prospects driven by further market MFR rent growth in Western Canada, and its SP-NOI margin expansion potential; 2) greater non-regulated MFR market exposure (73 per cent of suites); and 3) above-average exposure to Canada's more affordable MFR markets, among other factors."