TSX:CHE.DB.E - Post Discussion
Post by
kijiji on May 15, 2023 1:39pm
Raises Price Target on Chemtrade Logistics Income Fund
National Bank Raises Price Target on Chemtrade Logistics Income Fund Following 'Bullish Tone' of
(MT Newswires) -- National Bank said over the weekend that it has raised the price target on Chemtrade Logistics Income Fund (CHE-UN.TO) to $12.50 from $11.50 after noting that the outlook remains bullish following the first-quarter conference call.
"We will characterize the conf. call of having a bullish tone (further supporting the strong 2023 guidance) as mgmt. expects the factors that contributed to the Q1/23 beat to continue," the analysts said.
National Bank has maintained its outperform rating on the company.
Chemtrade Logistics is a diversified provider of industrial chemicals and services to both North and South American consumers.
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