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

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

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 > BMO analyst update

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Post by CanSiamCyp on Sep 24, 2024 12:19pm

BMO analyst update

BMO’s Joel Jackson raised his Chemtrade Logistics Income Fund (CHE.UN-T) target to $12 from $11 with an “outperform” rating. The average on the Street is $12.75.

“Raising our target price ... as CHE, which continues to look attractively valued, despite recent share price outperformance, also continues to flirt with index inclusion (though strong share buyback execution pushes the goal line out),” he said. “This as we update our model for: i) actions around the 2025 convertibles now being fully taken out; ii) CHE seemingly repurchasing shares under its NCIB at a 71k/day pace; and iii) a possible small blip to Q3 earnings from rail strike issues.”

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