Bullboard - Stock Discussion Forum Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures CGIFF

Primary Symbol: T.CHE.DB.E Alternate Symbol(s): T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental... see more

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TSX:CHE.DB.E - Post Discussion

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Multiple Raised Targets

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Post by retiredcf on Nov 18, 2024 9:58am

Multiple Raised Targets

National 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.

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