Bullboard - Stock Discussion Forum Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): T.CHE.DB.H | T.CHE.UN | CGIFF | T.CHE.DB.F | T.CHE.DB.G

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 > Target & Rating Changes

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Post by ace1mccoy on Aug 16, 2024 8:58am

Target & Rating Changes

National Bank’s Zachary Evershed raised his Chemtrade Logistics Fund (CHE-UN-T +2.64%increase

) target to $14 from $13.50 with an “outperform” rating, while Desjardins Securities’ Gary Ho bumped his target to $13.25 from $13 with a “buy” rating.. The average is $12.54.

“CHE reported a strong 2Q beat,” said Mr. Ho. “Management raised 2024 EBITDA guidance by 7 per cent to $430460-milllion —incorporating the 2Q beat, we raised our 2024/25 estimates. We are encouraged by CHE’s priority toward buybacks given the current attractive valuation (as well as dilution from ITM converts), followed by organic growth and, lastly, moderate M&A. We continue to believe its Arizona project would be a prudent way to deploy capital.”

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