BMO Capital analyst John Gibson CFA maintained a Hold rating on Mattr yesterday and set a price target of C$11.00.
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John Gibson CFA’s rating is based on a combination of factors, including Mattr’s recent financial performance and the current macroeconomic environment. The company reported a steady quarter, but there are concerns about softening growth and margins. Management has indicated that the next quarter might be weaker due to macroeconomic uncertainties and tariff-related issues.
Despite these challenges, there is a belief in the company’s long-term potential as its various business segments integrate. However, due to the immediate concerns, the target price has been adjusted downward, and a cautious approach is being maintained. The company’s leverage remains above its target following a recent acquisition, and efforts are being made to address this over the next year or so. Consequently, the Hold rating reflects a balanced view of potential long-term gains against near-term risks.
According to TipRanks, Gibson CFA is a 5-star analyst with an average return of 19.7% and a 60.26% success rate. Gibson CFA covers the Energy sector, focusing on stocks such as Parkland, North American Construction Group, and Trican Well Service.