The Globe and Mail reports in its Wednesday, Oct. 23, edition that BMO Nesbitt Burns analyst Etienne Ricard has lowered his recommendation for goeasy to "market perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ricard slashed his share target by $16 to $202. Analysts on average target the shares at $224.14. Mr. Ricard says in a note: "While we value goeasy's long-term growth prospects and strong execution, we are increasingly mindful of downside risk amid deteriorating revenue yield and credit metrics in a softening macro-economic environment. With goeasy trading in-line with its historical average, we see a balanced risk-reward on the stock." The Globe reported on July 30 that National Bank Financial analyst Jaeme Gloyn continued to rank goeasy "outperform." The shares could then be had for $201.31. The Globe reported on Aug. 13 that Mr. Ricard was keeping his "outperform" recommendation for goeasy intact. The shares were then going for $185.46.
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