| Over a week ago | ||||
Raymond James analyst… Raymond James analyst Stephen Boland downgraded ECN Capital to Market Perform from Outperform with a price target of C$3, down from C$4, post the Q1 results. The company's slowdown in growth recently has been material, says the analyst, who expects ECN to reduce guidance in the "near future," which could put further pressure on the stock. | ||||
TD Securities analyst… TD Securities analyst Mario Mendonca downgraded ECN Capital to Hold from Buy with a price target of C$4, down from C$5.50, after the company reported Q1 results that missed expectations and announced that it expects to conclude its strategic review before Q2 results due in August and intends to update its 2023 outlook at that time. While a takeout "may provide meaningful value for shareholders," the firm is downgrading the stock to reflect management's decision to pull earnings guidance in a period of deteriorating fundamentals, sharply higher non-core losses, and significant uncertainty as to the outcome of the strategic review. | ||||
| Over a month ago | ||||
TD Securities analyst… TD Securities analyst Mario Mendonca lowered the firm's price target on ECN Capital to C$5.50 from C$7 and keeps a Buy rating on the shares. | ||||
Raymond James lowered the… Raymond James lowered the firm's price target on ECN Capital to C$4 and keeps an Outperform rating on the shares. | ||||
RBC Capital analyst… RBC Capital analyst Geoffrey Kwan lowered the firm's price target on ECN Capital to C$3.50 from C$4 and keeps a Sector Perform rating on the shares. | ||||
National Bank lowered the… National Bank lowered the firm's price target on ECN Capital to C$4.50 from C$5 and keeps an Outperform rating on the shares. | ||||
CIBC downgraded ECN… CIBC downgraded ECN Capital to Neutral from Outperformer with a price target of C$2.75, down from C$5, following the company's earnings miss and substantial guidance revision, calling it "another disappointing quarter." The firm notes that its lower rating and target reflect lower confidence in the earnings outlook and the increasingly challenging macro backdrop. | ||||
TD Securities analyst… TD Securities analyst Mario Mendonca lowered the firm's price target on ECN Capital to C$5.50 from C$7 and keeps a Buy rating on the shares. | ||||
TD Securities analyst… TD Securities analyst Mario Mendonca raised the firm's price target on ECN Capital to C$7 from C$5 and keeps a Buy rating on the shares. | ||||
| Over a quarter ago | ||||
CIBC analyst Nik Priebe… CIBC analyst Nik Priebe lowered the firm's price target on ECN Capital to C$4.50 from C$6 and keeps an Outperformer rating on the shares. | ||||
