22:35:43 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Linamar Corp
Symbol LNR
Shares Issued 61,578,157
Close 2024-04-19 C$ 64.63
Market Cap C$ 3,979,796,287
Recent Sedar Documents

Globe says CIBC maintains Linamar at "outperformer"

2024-04-19 08:11 ET - In the News

The Globe and Mail reports in its Friday, April 19, edition that CIBC analyst Krista Friesen has reaffirmed her "neutral" recommendation for Linamar. The Globe's David Leeder writes in the Eye On Equities column that Ms. Friesen trimmed her share target by a $1.50 from $90. Analysts on average target the shares at $82.50. Ms. Friesen says in a note: "As we head into Q1 reporting season, we expect many of the same themes that dominated Q4 earnings to be topical this quarter. For the suppliers, we believe the difference this time is that much of the bad news has been accounted for in their share prices, with the companies trading at historically low valuation on EV/EBITDA and P/B. ... [We have] raised our price target for AutoCanada." The Globe reported on Dec. 24, 2022, that Ms. Friesen had cut AutoCanada to "neutral" from "outperformer." The shares could then be had for $23.10. The Globe reported on March 8, 2024, that National Bank analyst Maxim Sytchev continued to rate AutoCanada "sector perform." In the item Mr. Sytchev said he was sticking to the sidelines of AutoCanada. The shares could then be had for $21.74.

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