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.
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