TSX:PSI - Post Discussion
Post by
retiredcf on Dec 06, 2023 10:04am
Stifel
With its $95-million agreement to acquire the remaining common shares of its noncontrolling interest in Intelligent Wellhead Systems, RBC’s Keith Mackey bumped his target for Pason Systems Inc. ( to $19 from $18 with an “outperform” rating, while Stifel’s Cole Pereira moved his target to $16 from $15.50 with a “hold” rating. The average is $17.29.
“While we forecast only $17-million of 2024 EBITDAS from the acquisition (up 10 per cent), we believe it has meaningful long-term potential that could drive EBITDAS growth as much as 50 per cent over a number of years,” said Mr. Pereira. “Moreover, PSI has done so without issuing any shares and maintaining its fortress balance sheet, informing our positive view.”
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