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Market's Analyst Actions Roundup
A roundup of key analyst actions on several companies, including Restaurant Brands International, Colliers International, Thomson Reuters, TransAlta, and InterRent.
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Labour MarketMarket AnalysisStocksEarningsInvestmentsFinancial Reports
Restaurant Brands International Inc.CitigroupRbc Capital MarketsCibcNational Bank Financial
Jon TowerLogan ReichMark PetrieBrian MullanMaxim Sytchev
- How did National Bank Financial analyst Maxim Sytchev respond to Colliers International Group's third-quarter performance?
- Colliers International Group (CIGI) reported in-line net revenue but weaker-than-anticipated adjusted EPS, causing a temporary share price decline. National Bank Financial analyst Maxim Sytchev upgraded CIGI to "outperform," citing the company's long-term growth potential and recovery in the transactional business.
- What was RBC Dominion Securities analyst Drew McReynolds's assessment of Thomson Reuters' third-quarter results and outlook?
- Thomson Reuters (TRI) exceeded expectations in Q3, leading RBC analyst Drew McReynolds to raise his target price while maintaining a "sector perform" rating. McReynolds highlighted the company's organic revenue growth and positive GenAI developments.
- What were the key findings of Citi analyst Jon Tower's assessment of Restaurant Brands International's Q3 financial results?
- Restaurant Brands International's (QSR) weaker-than-expected Q3 results led to a bearish thesis from Citi analyst Jon Tower, citing lower new store growth expectations, softening global comps, and concerns about the China business. He lowered his EPS projections and price target, maintaining a "neutral" rating.
- Why did Desjardins Securities analyst Brent Stadler downgrade TransAlta Corp., and what were some of his other key findings?
- Desjardins Securities analyst Brent Stadler downgraded TransAlta Corp. (TA) to "hold" due to uncertainty in the Alberta power market and potential for additional CTG mothballs. He noted positive aspects like strong hydro results but expressed concern about the risk with coal-to-gas units.
- What prompted TD Cowen analyst Jonathan Kelcher's upgrade of InterRent REIT, and how did other analysts react to InterRent's recent performance?
- TD Cowen analyst Jonathan Kelcher upgraded InterRent REIT (IIP.UN-T) to "buy," viewing the recent share price decline as overdone despite expectations of softer fundamentals. CIBC upgraded InterRent to "outperformer," while Raymond James downgraded it.