Real Matters upgraded to Buy from Hold at Canaccord

Canaccord analyst Robert Young upgraded Real Matters to Buy from Hold with a price target of C$7, up from C$6.50. the company reported fiscal Q2 ahead of expectations driven by modestly better volumes with EBITDA returning to positive and significantly ahead of consensus, the analyst tells investors in a research note. The firm says management continues to execute well through a difficult macro and origination volumes at historic lows evidenced by cost containment and market share gains.