Analyst update NB * ECN Capital Corp. (ECN-T) with a “sector perform” rating and $2.50 target (unchanged). Average: $2.47.
Analyst: “After a challenging start to the year, we believe ECN is a name to watch as we approach 2025 and we begin to see signs of a better road ahead. Q2 results in the Manufactured Housing segment showed improvement, approvals were up 25 per cent year-over-year, Skyline JV is picking up speed as balances doubled q/q, industry data is showing mid-teens shipment growth through Q3, and Q3 results from peers that have reported show double-digit volume growth (e.g., Champion Homes (SKY: NYSE).”