02:02:54 EDT Sat 08 Aug 2020
Enter Symbol
or Name

Login ID:
Exchange Income Corp
Symbol EIF
Shares Issued 32,246,482
Close 2019-09-23 C$ 39.78
Recent Sedar Documents

Globe says Hansen keeps Exchange Income at "strong buy"

2019-09-24 09:38 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 24, edition that Raymond James analyst Steve Hansen raised his share target for Exchange Income to $55 from $49 following an Analyst Day that centred on recently acquired Quest Windows Systems. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen continues to rate Exchange Income "strong buy." Analysts on average target the shares at $46.36. Mr. Hansen says in a note: "By almost all accounts, Quest appears to be a competitively-advantaged, niche business with robust growth prospects. Boasting $375-million in firm backlog and a newly commissioned plant still in its early innings of ramp-up, we see Quest positioned to nearly double in size over the next 2-3 years, with substantial runway still beyond. While window wall systems are not exclusive/proprietary to Quest, our initial assessment suggests the company's 'one-stop-shop' business model, strong brand equity (as a pioneer/innovator in the space), and healthy access to capital collectively position the company with a strong advantage over its competition." Following that acquisition, Mr. Hansen thinks Exchange Income's embedded growth is "starting to emerge."

© 2020 Canjex Publishing Ltd. All rights reserved.