TD Securities upgraded FirstService (FSV) to Buy from Hold with a price target of $213, down from $214. The post-earnings share selloff along with “immaterial changes” to forward estimates have created a compelling valuation, the analyst tells investors in a research note. TD believes FirstService is well positioned in a challenging trade and macroeconomic backdrop. Scotiabank this morning also upgraded FirstService.
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: 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
- FirstService Corporation Reports Steady Q3 Growth