The Globe and Mail reports in its Thursday, April 11, edition that Desjardins Securities analyst Frederic Tremblay, seeing a "compelling entry point," increased his share target for Savaria
to $23.50 from $22.50 with an unchanged "buy" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target Savaria shares at $21.36. Mr. Tremblay says in a note: "We attended Savaria's investor day on April 9. As expected, rather than revealing new targets/guidance, the presentations and site visit provided additional clarity around top-line and profitability levers as the company remains focused on its Savaria One program, with sights still set on revenue growth to $1-billion and adjusted EBITDA margin expansion to 20 per cent. We are increasing our forecasts and target slightly and expect execution to be investors' and management's main focus in the coming quarters." The Globe reported on Sept. 13, 2021, March 18, 2023, and Sept. 26, 2023, that Desjardins rated Savaria "buy." It was then worth $22.21, $15.85 and $14.18. The Globe reported on Sept. 26, 2023, and March 8, 2024, that Mr. Tremblay rated Savaria "buy." It was then worth $14.18 and $16.13.
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