TD Securities upgraded Topicus.com (TOITF) to Buy from Hold with a price target of C$170, up from C$156. The shares have fallen to levels that do not reflect the company’s “solid and improving” business fundamentals and its “superior ability” to deliver strong shareholder returns over the long run, the analyst tells investors in a research note. It believes the shares should outperform given Topicus.com’s “defensive” business model.
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Read More on TOITF:
- Topicus.com, Lumine Group, and Constellation Software Announce Virtual Annual Meetings
- Topicus.com initiated with an Outperform at RBC Capital
- Topicus.com Inc. Reports Strong 2024 Financial Growth
- Topicus.com price target raised to C$156 from C$151 at TD Securities
- Topicus.com Inc. Reports Strong 2024 Financial Results
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