Kneat.com initiated with a Buy at TD Securities

TD Securities initiated coverage of Kneat.com (KSIOF) with a Buy rating and C$6 price target The firm expects Kneat to continue generating “superior” organic growth in the 25%-30% range in the next two years, leveraging its leadership position for eValidation solutions in the Life Sciences industry, the analyst tells investors. The firm thinks the revenue bar “has been re-set to more realistic levels,” which may help set up future beats that could drive a rebound from a recent 52-week low, the analyst added.