BMO Capital analyst Etienne Ricard downgraded Goeasy (EHMEF) to Market Perform from Outperform with a C$45 price target following the company’s announcement of much higher-than-expected credit losses. This raises multiple underwriting, funding and credit questions “providing no confidence in earnings forecasts,” says the analyst, who argues that the company has to demonstrate its ability to secure financing and work on deleveraging plans.
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Read More on EHMEF:
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