Post by
TVR on Nov 05, 2021 5:45pm
Target Increased to $1.90 by ATB Capital
While there was little in the Q3 report and conference call to get excited about, at least one of the analysts covering TWM has increased the target price. ATB Capital today increased their target price from $1.70 to $1.90. Maybe we will see some more upgrades from other analysts next week.
Comment by
midard on Nov 06, 2021 2:47pm
National Bank Maintain $1.75 Target & Outperform rating With our overall estimates largely unchanged, we maintain our $1.75 target. Based on a 12-month total return of 30.7%, combined with an implied deconsolidated / Midstream only valuation of ~5.0x EV/EBITDA versus TWM’s three-year pre-pandemic average of ~6.0x, we reiterate our Outperform rating