Softchoice initiated with an Outperform at BMO Capital

BMO Capital analyst Deepak Kaushal initiated coverage of Softchoice with an Outperform rating and C$20 price target. The analyst says management has built a "strong organic growth engine, with a focused, accountable and productive sales team, and a loyal customer base that is large and growing." He expects sustained double-digit EBITDA growth and an acceleration in free cash flow.