SES AI price target lowered to C$19.50 from C$22 at Scotiabank

Scotiabank lowered the firm’s price target on SES AI (SES) to C$19.50 from C$22 and keeps an Outperform rating on the shares. The firm believes the North American solid waste sector remains attractive due to its pricing power, marketing and acquisitions, solid free cash flow, and shareholder-friendly actions, the analyst tells investors. Additionally, the recent stock market volatility could further attract investors given the sector’s defensive attributes, the firm adds. Scotiabank sees better risk/reward in SES AI.