Bullboard - Stock Discussion Forum ECN Capital Corp ECNNF

Primary Symbol: T.ECN Alternate Symbol(s): ECNCF | T.ECN.PR.C | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans... see more

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ECN Capital Corp > Analyst Opinion Globe and Mail Sep 28 2023

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Post by Cheeky20 on Sep 28, 2023 12:35pm

Analyst Opinion Globe and Mail Sep 28 2023

This is from The Globe and Mail September 28, 2023. Kind of echoes what we have been saying here

After resuming coverage following Skyline Champion’s $185-million equity investment, Mr. Priebe also lowered his target for ECN Capital Corp. (

ECN-T

-1.06%

) to $2.75 from $3 with a “neutral” rating. The average is $3.21.

“We interpreted the new partnership to be a net positive to ECN shareholders, along with a constructive update on the expansion of funding relationships,” said Mr. Priebe. “We continue to rate the stock Neutral as we await more convincing signs that a natural demand recovery is materializing in ECN’s core markets, but acknowledge that there is a lot of torque to the upside.”

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