Bullboard - Stock Discussion Forum Dye & Durham Ltd T.DND

Alternate Symbol(s): DYNDF

Dye & Durham Limited is a Canada-based provider of practice management solutions. The Company offers cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical workflow software and information services, which clients use to manage their process, information and regulatory... see more

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TSX:DND - Post Discussion

Dye & Durham Ltd > CANACCORD GENUITY CUT TO $65

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Post by alhiemstra on Feb 22, 2022 2:53pm

CANACCORD GENUITY CUT TO $65

Canaccord Genuity analyst Robert Young cut his Dye & Durham Ltd. target to $65 from $75, maintaining a “buy” rating. The average is $60.80.

“We recently hosted Dye & Durham management for a series of virtual marketing meetings. The dominant topic of discussion was the path to close on the acquisition of Link Group in Q3, which remains on track. Dye & Durham stock has sold off by 31 per cent since the Link Group acquisition announcement and continues to trade at a discount to peers. We believe that a successful close of Link offers upside while the company’s FCF profile, sticky revenue stream and geographic diversification are strengths in a market where investors seem to be biased against software with weak profitability,” said Mr. Young.

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