Scotiabank analyst Himanshu Gupta upgraded FirstService (FSV) to Outperform from Sector Perform with a price target of $205, down from $220. Yesterday’s 10% post-earnings selloff provides a good entry point, the analyst tells investors in a research note. The firm believes that while the company’s Q4 “looks challenging,” it “could be the inflection point.” Scotiabank believes the weakness in FirstService’s roofing and restoration unit will be temporary.
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