The Globe and Mail reports in its Tuesday, April 30, edition that TD Cowen analyst Brian Morrison has reaffirmed his "buy" recommendation for Sleep Country Canada Holdings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison trimmed his share target by a loonie to $33. Analysts on average target the shares at $32.42. The Globe says Mr. Morrison is expecting a "relatively flat" first quarter performance. Mr. Morrison says in a note: "Sleep remains one of the more compelling risk/reward profiles within our coverage universe for investors with a mid-term investment horizon. We see modest downside as we view the current valuation as attractive as we near trough earnings. Meanwhile, its M&A/investment strategy, earnings growth potential and strong FCF profile, provide meaningful EPS upside as consumer demand stabilizes/improves." The Globe reported on March 8 that ATB Capital Markets analyst Martin Landry continued to rate Sleep Country Canada Holdings "buy." The shares could then be had for $28.94.
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