Post by
lscfa on Mar 21, 2023 1:44pm
eResearch target $4.50
https://eresearch.com/2023/03/10/ma/new-update-report-strategic-merger-between-dcm-and-rrd-canada-sparks-industry-consolidation-with-beneficial-synergies/
Comment by
lscfa on Mar 21, 2023 1:45pm
updated report is dated wrong.....should be March 10, 2023, not March 10, 2022. https://eresearch.com/wp-content/uploads/2023/03/eR-DCM-2023_03_10_UR-MA-RRD-Can-FINAL.pdf
Comment by
lscfa on Mar 21, 2023 1:49pm
"The combined impact of the two scenarios caused our Equal-Weighted Target Price (1 year) to increase to $6.02 from $4.44. However, until the full 2022 financials are released or the merger closes, we are maintaining a Buy rating and a one-year price target of $4.50."