TSX:CHE.DB.E - Post by User
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retiredcfon Nov 18, 2024 9:58am
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Post# 36317822
Multiple Raised Targets
Multiple Raised TargetsNational Bank’s Zachary Evershed increased his target for Chemtrade Logistics Income Fund to $15.50 from $14 with an “outperform” rating. Other changes include: Raymond James’ Steve Hansen to $14 from $13 with an “outperform” rating, Scotia’s Ben Isaacson to $12.50 from $11 with a “sector perform” rating, RBC’s Nelson Ng to $13 from $12 with an “outperform” rating, CIBC’s Jacob Bout to $15 from $14 with an “outperformer” rating and Desjardins Securities’ Gary Ho to $15 from $14 with a “buy” rating. The average is $13.50. “Chemtrade announced another strong quarter, increased the lower end of its 2024 guidance range, and pointed to the strong results carrying into 2025. We continue to see good value in Chemtrade units supported by continued operational strength in the business segments, unit buybacks, and organic growth in the water and ultra pure sulphuric acid business (utilized in AI chip fabrication). We are reiterating our Outperform rating and increasing our PT,” said Mr. Ng.