The Globe and Mail reports in its Saturday, Oct. 1, edition that BMO Nesbitt Burns analyst Rachel Walsh, touting the potential of the voluntary carbon market, began coverage on Carbon Streaming on Friday with an "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Ms. Walsh set a share target of $4.25. Mr. Leeder reports that Ms. Walsh is the lone analyst covering the stock. Ms. Walsh says in a note: "While Carbon Streaming is currently prerevenue, we expect the company to see impressive growth in the coming years through its existing streaming agreements. With cash on the balance sheet, we believe additional streams will follow. That said, current uncertainty surrounding the company's largest asset has weighed on the stock and we believe upside will be somewhat capped until issues are resolved."
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