Desjardins resumed coverage of Rogers Sugar (RSGUF) with a Buy rating and C$7.50 price target following the completion of the company’s convertible debenture offering for gross proceeds of C$57.5M. The firm noted that the resilience of Rogers’ “Sugar business, volume and margin expansion prospects in the Maple segment, and the long-term strategic benefits of the LEAP project” support its constructive stance.
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