May 16, 2023
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Digital asset management company MediaValet (MediaValet Stock Quote, Charts, News, Analysts, Financials TSX:MVP) continues to offer investors a compelling risk-to-reward prospect, according to iA Capital Markets analyst Neehal Upadhyaya, who provided a Tuesday update. Upadhyaya kept a “Buy” rating and $1.55 target on the stock, saying MVP has a number of major catalysts coming up.
Source: Cantech Letter
May 12, 2023
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Results were mixed for the first quarter from Boralex Inc (Boralex Stock Quote, Charts, News, Analysts, Financials TSX:BLX), according to Naji Baydoun, analyst for iA Capital Markets. But Baydoun has retained a “Buy” rating on the stock, saying in a Thursday report that the renewable power company has both solid free cash flow growth and a potential upside from its development pipeline.
Source: Cantech Letter
April 24, 2023
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The good times keep rolling for Wishpond Technologies (Wishpond Technologies Stock Quote, Charts, News, Analysts, Financials TSXV:WISH), despite the more challenging macro environment, and that’s a great sign of strength, according to iA Capital Markets analyst Neehal Upadhyaya, who reviewed Wishpond’s latest quarterly results in a Friday report.
April 19, 2023
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Nixing its plans for a major acquisition in the United States is a good move for Algonquin Power & Utilities (Algonquin Power & Utilities Stock Quote, Charts, News, Analysts, Financials TSX:AQN), according to iA Capital Markets analyst Naji Baydoun, but a still cloudy growth outlook should keep investors on the sidelines for the time being. Baydoun provided an update to clients on Tuesday where he reiterated a “Hold” rating on Algonquin while raising his target price from C$11.00 to C$12.00.
Source: Cantech Letter
March 23, 2023
4 min read
Christian Pouliot, head of fixed income investments at iA Capital Markets, discussed the potential impact of the Credit Suisse situation on Canadian banks and insurance companies issuing Limited Resource Capital Notes (LRCNs), which are equivalent to Additional Tier 1 (AT1) debt in Switzerland, in an interview with The Globe and Mail. Pouliot suggested that Canadian financial institutions will face a more expensive fundraising environment in the short term, as investors may demand higher interest payments to take on the risk associated with LRCNs. He predicted that investors may ask for 10 to 15 basis points more of a risk premium due to the increase in uncertainty. Pouliot expects between $2 billion and $4 billion worth of LRCNs to be issued this year, but the recent events may impact pricing for the next few months.
March 20, 2023
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iA Capital Markets analyst Naji Baydoun is still skeptical about Algonquin Power & Utilities (Algonquin Power & Utilities Stock Quote, Charts, News, Analysts, Financials TSX:AQN), saying in a review of the company’s latest quarterly numbers that investors should wait to see how well the utility company fares on this year’s strategic priorities.
Source: Cantech Letter
March 2, 2023
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A clearer path to higher profitability and a de-risked balance sheet are just a couple of the reasons iA Capital Markets analyst Naji Baydoun is giving the green light on Aecon Group (Aecon Group Stock Quote, Charts, News, Analysts, Financials TSX:ARE). In a Thursday report, Baydoun changed his rating on the stock from “Hold” to “Buy,” saying Aecon is heading into a key transition year, while a recent asset sale removed a funding overhang on shares.
Source: Cantech Letter
February 24, 2023
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iA Capital Markets analyst Naji Baydoun delivered an update on Friday on Innergex Renewable Energy (Innergex Renewable Energy Stock Quote, Charts, News, Analysts, Financials TSE:INE) where he reviewed the company’s just-released fourth quarter results, saying the company has a strong growth outlook and declining payout ratio.
Source: Cantech Letter
February 23, 2023
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Organic and inorganic growth as well as higher margins look to be in the cards for Exchange Income Corp (Exchange Income Stock Quote, Charts, News, Analysts, Financials TSX:EIF), according to iA Capital Markets analyst Matthew Weekes.
Source: Cantech Letter