Inside the Market’s roundup of some of today’s key analyst actions
Shares of the Montreal-based telecom dropped 10.7 per cent on Friday in response to a reduction in guidance and concerns over lingering uncertainty in its wireless business, which the analyst think is “leaving short-term catalysts lacking for the stock.”
After reducing his financial forecast, largely based on lower U.S. subscriber estimates to “better reflect management comments pertaining to transition challenges in Ohio, a more uncertain economic backdrop and expected competitive headwinds,” Mr. Dubreuil trimmed his target for Cogeco Communications shares to $96 from $101, maintaining a “buy” rating. The average is $89.97.
“On the call, management indicated an expectation of sequential improvement in TV ad trends in the quarters ahead, as they see signs of some stabilization following recent double-digit decline rates. We note, however, that the comps ease considerably for H2/23 given the steep declines in ads in the prior year period. Advertising remains under pressure, particularly in categories like DTC , Auto , Food and beverage and retail.
“LUN’s Q4/22 production was also weaker than we had anticipated, with copper production 17 per cent below our estimate and gold production 14 per cent below our forecast. We note that every asset recorded a double-digit miss in percentage terms vs. our estimates for both copper and gold, and that copper.”
“Overall, the results and guidance show stagnating copper and gold and declining nickel production with zinc growth, albeit at a lower rate than previously expected, with costs and capex rising,” he said. “Operationally, we believe the guidance reflects continuing issues with mill optimization at Candelaria, ongoing costs and delays related to ZEP and a negative change in the production and cost outlook at Chapada.
“Opportunity appears widespread in 2023. Our survey shows a wide array of opportunities in 2023 for the Canadian pet industry, including the continuation of the premiumization and humanization trends, the increase penetration of private label brands and online sales.
“Saputo’s investment thesis is differentiated by heightened growth potential over the next several years,” he said. “We model over 40-per-cent EPS [earnings per share] growth in F2023 and a three-year EPS CAGR [compound annual growth rate] of over 20 per cent by F2025 . If management achieves its F2025 EBITDA target, we estimate a three-year EPS CAGR of over 30 per cent.”
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
What's Poppin': Hockey, Markets, and Music!Read the full story and comment on Tbnewswatch.com
اقرأ أكثر »
A look inside the Ladurée pastry laboratory in VancouverIn an unassuming commercial park in Burnaby, a bit of Parisian pastry magic happens each and every day.
اقرأ أكثر »
Fire in former hotel displaces 20 people in Port AlberniThe sprinkler and alarm systems in the two-storey structure worked properly and alerted residents inside.
اقرأ أكثر »
A look inside one of the most expensive homes ever sold in OttawaA two-storey home with spectacular views in the Old Village of Rockcliffe Park is one of the most expensive homes ever sold in the city of Ottawa.
اقرأ أكثر »
Premarket: World shares rise, yen climbs as BOJ battles bond bearsU.S. markets closed, yen climbs to its highest since May against the U.S. dollar
اقرأ أكثر »
Pamela Anderson Talks ‘Therapy’ Of Writing Memoir: ‘I Had No Idea How Much Anger I Had Inside’Pamela Anderson is telling her own story in her own words, in the upcoming Netflix documentary 'Pamela, a love story', and memoir, Love, Pamela, both of which are being released on Jan. 31. In a new interview with People, the B.C.-born actress reveals that it was her sons, Brandon, 26, and Dylan, 25, who 'encouraged me to tell my…
اقرأ أكثر »