TSX:DHT.UN - Post by User
Comment by
retiredcfon Oct 23, 2024 12:42pm
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Post# 36278777
RE:Back in Business
RE:Back in Businessretiredcf wrote: Following Thursday’s announcement of a US$57-million deal with Editas Medicine Inc. for a share of its annual license fees for the Cas9 gene-editing technology, CIBC’s Scott Fletcher raised his DRI Healthcare Trust (DHT.UN-T) target to $18.50 from $17.50 with an “outperformer” rating, , while Raymond James’ Michael Freeman increased his target to $23 from $20 with an “outperform” rating. The average is $18.68. “We like deal’s elegant structure, its engagement with a highly innovative counterparty (potential for repeat business), and what it says about DRI’s dealmaking engine: it’s fully intact, and it’s revving high,” said Mr. Freeman.
Obviously the markets have struggled this week but investors seem to have a very short memory (or are panicking).