Bullboard - Stock Discussion Forum Mullen Group Ltd. MLLGF

Primary Symbol: T.MTL Alternate Symbol(s): T.MTL.DB

Industrials Integrated Shipping & Logistics

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... see more

TSX:MTL - Post Discussion

Mullen Group Ltd. > Revised Targets

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Post by retiredcf on Oct 25, 2024 9:21am

Revised Targets

CIBC’s Kevin Chiang increased his Mullen Group Ltd. target to $17.50 from $16.50 with an “outperformer” rating, while Raymond James’ Michael Barth moved his target to $18.75 from $17.25 with a “market perform” rating. The average is $18.70.

“The headwinds we’ve observed over the last two years in the LTL and L&W segments are subsiding, the cyclical S&I segment is showing some strength, and margins are outperforming on cost control. We’ve revised our estimates and target higher as a result,” said Mr. Barth. “At the same time, we think the market reaction appropriately reflects these positive revisions with the stock up more than 8 per cent at the time of writing. As such, we remain at Market Perform from here, and believe there are better risk-adjusted returns across our coverage universe today.”