The Globe and Mail reports in its Friday, Dec. 19, edition that National Bank Financial analyst Zachary Evershed is keeping his "outperform" recommendation for Alaris Equity Partners Income Trust intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Evershed jacked his unit target up by $1.50 to $28.50. Analysts on average target the units at $24.75. Mr. Evershed boosted his unit target following the closing of its $115-million upsized bought deal offering. Mr. Evershed says in a note: "The value of Alaris's common equity investments now totals $330-million (cost basis), roughly 18 per cent of the portfolio. With a substantial return to target, minimal exposure to geopolitical headwinds, and robust execution growing and diversifying the partner portfolio continuously, we rate Alaris "outperform.'" The Globe reported on Oct. 31 that Desjardins Securities analyst Gary Ho continued to rate Alaris Equity "buy." The units were then going for $19.58. The Globe reported on Nov. 11 that Mr. Evershed continued to rate Alaris "outperform." The units were then going for $19.33.
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