A dilutive financing has Canaccord Genuity analyst Neil Maruoka lowering his price target on ProMetic Life Sciences (TSX:PLI). This morning, ProMetic Life Sciences announced it had landed a line of credit worth (U.S.) $80-million from Structured Alpha LP, an affiliate of Thomvest Asset Management, at an interest rate of 8.5 per cent. In addition, ProMetic […]
Mitel is undervalued, National Bank Financial says
With the acquisition of ShoreTel complete, National Bank Financial analyst Richard Tse is feeling bullish about Mitel (TSX:MNW, Nasdaq:MITL). In a research update to clients today, Tse maintained his “Outperform” rating, but raised his one-year price target on Mitel from (U.S.) $10.00 to $11.00, implying a return of 25 per cent at the time of […]
Air Canada gets price target raise at Paradigm Capital
Ahead of the company’s third quarter results Wednesday, Paradigm Capital analyst Corey Hammill is feeling bullish about Canada’s largest airline. In a research update to clients today, Hammill maintained his “Buy” rating, but raised his one-year price target on Air Canada (TSE:AC) from $27.00 to $37.00, implying a return of 29 per cent at the […]
These three techs have a high likelihood of being acquired: Canaccord Genuity
With Canada’s tech IPO window still curiously closed the M&A activity that has defined the sector for some time may accelerate with a recovering U.S. dollar, says Canaccord Genuity analyst Robert Young. In a research report to clients today, Young addressed the issue of Canadian techs being bought out, typically by American firms. The analyst […]
Canada’s new tax reforms are anti-growth, this economist says
Jack Mintz, President’s Fellow with the Haskayne School of Business at the University of Calgary, says that instead of putting up its new proposals for tax reform this summer and then backing down on some and making changes to others, the federal government would have been better off leaving things as is. “We’ve actually taken […]
Cortex Business Solutions has 50% upside, Haywood says
He categorizes the risk profile on the stock as “very high”, but Haywood analyst Pardeep Sangha says there is also a big potential reward to shareholders of Cortex Business Solutions (TSXV:CBX). On Wednesday, October 25, Cortex will report its fourth quarter and fiscal 2017 results. Sangha expects the company will post Adjusted EBITDA of $100,000 […]
Shopify is still a buy, Industrial Alliance says
Ahead of the company’s third quarter results, Industrial Alliance Securities analyst Blair Abernethy says Shopify (TSX, NYSE:SHOP) is still a buy. On November 1, Shopify is expected to report its Q3, 2017 results. Abernethy thinks the company will generate EBITDA of $600,000 on revenue of $166.8-million, a topline that would be up 67.5 per cent […]
Canadian-listed U.S. cannabis stocks are looking increasingly attractive: Canaccord Genuity
Canaccord Genuity analyst Matt Bottomley says investors should take a fresh look at cannabis operators that are listed in Canada but have operations in the United States. In a research report to clients today, Bottomley addressed the particular market for the aforementioned listings, noting that shares of said companies have been mostly flat since rumours […]
Promis Neurosciences has 113% upside, Mackie Research says
New data from Promis Neurosciences (TSX:PMN) has Mackie Research Capital analyst André Uddin feeling positive about the potential of the company’s lead product candidate for Alzheimer’s disease, PMN310. On Tuesday, Promis Neurosciences announced that its lead product candidate for Alzheimer’s disease, PMN310, showed the desired binding profile of selectively targeting amyloid beta oligomers in a […]
Long term investors should look at Kinaxis, Canaccord Genuity says
The stock is looking close to fully valued in the near term, but there is opportunity in Kinaxis (TSX:KXS) for investors with a longer time horizon, Canaccord Genuity analyst Robert Young says. Young recently attended Kinexions ’17, the Ottawa company’s user conference, in Orlando. He says that while some prospects were notable in their absence […]
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