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Mullen Group Ltd. T.MTL

Alternate Symbol(s):  MLLGF | T.MTL.DB

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.


TSX:MTL - Post by User

Post by retiredcfon Dec 10, 2024 9:27am
71 Views
Post# 36354405

Raymond James

Raymond James

Elsewhere, Raymond James’ Michael Barth lowered his target to $18.50 from $18.75 with a “market perform” rating.

“OIBDA guidance was below both our estimates and consensus on slightly higher spend (total capex + M&A), which strikes us as incrementally negative, although we note that historically MTL does tend to be conservative in their outlooks. Even still, our near-term estimates and target price are revised modestly lower, and we reiterate our Market Perform rating given what we see as much better risk-adjusted returns elsewhere in our coverage universe,” said Mr. Barth.



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