Topicus.com initiated with an Outperform at RBC Capital

RBC Capital initiated coverage of Topicus.com (TOITF) with an Outperform rating and C$170 price target Topicus.com has a proven business model, acquiring and managing vertical market software companies, the analyst tells investors in a research note. The firm says larger acquisitions will help accelerate the company’s growth over the next several years. It finds the stock’s valuation attractive at current levels.