Goeasy upgraded to Outperform from Sector Perform at Scotiabank

Scotiabank upgraded Goeasy (EHMEF) to Outperform from Sector Perform with an unchanged price target of C$225. The stock is now down more than 20% since the publication of a “short report” whose central theme “follows a well-worn path for short-sellers that target lenders during transitioning economies,” the analyst tells investors. The firm, which doesn’t buy into the report’s bearish view that delayed net-charge-offs are likely to drive a significant earnings miss for 2026, sees upcoming Q3 results as “the first potential catalyst for the stock to recover,” the analyst added.