BMO Capital analyst Michael Goldie upgraded Exchange Income (EIFZF) to Outperform from Market Perform with a price target of C$120, up from C$111. The stock has had a rapid expansion of valuation multiples, but the company has a set of clear catalysts and tailwinds to support go-forward share price performance, the analyst tells investors in a research note. BMO adds that it sees these opportunities as being “multi-year and multi-segment”.
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