Alaris Equity Partners Income 6 25 Senior Unsecured Debentures T.AD.DB.A

Desjardins Raises Target

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Desjardins Securities’ Gary Ho moved his target for Alaris Equity Partners Income Trust  to $22.50 from $22 with a “buy” rating. The average is $22.45.

“AD’s common strategy has proven to be a success ($27.5-million common distributions in 3Q alone),” he said. “With $166-milllion of dry powder, AD has runway to deploy capital. The units trade at an attractive 20-per-cent discount to BVPU (vs five-year average of negative 11 per cent).”