CIBC lowered the firm’s price target on FirstService (FSV) to $216 from $225 and keeps an Outperformer rating on the shares after the company reported softer organic growth and macro-driven challenges in the roofing segment. The firm, which revised estimates to incorporate expectations for softer roofing revenue in Q4 and the first half of 2026, sees valuation as “increasingly attractive at current levels,” the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSV:
- FirstService upgraded to Buy after selloff at TD Securities
- FirstService: Strong Long-Term Potential Amid Temporary Challenges
- Scotiabank upgrades FirstService on post-earnings selloff
- FirstService upgraded to Buy from Hold at TD Securities
- FirstService upgraded to Outperform from Sector Perform at Scotiabank