RBC Capital initiated coverage of Trisura Group (TRRSF) with an Outperform rating and C$51 price target The firm believes that the company’s ability to deliver solid results without another meaningful write-down to its U.S. programs business will drive a valuation re-rate for the stock over time, the analyst tells investors in a research note. RBC adds that the stock’s current valuation does not reflect Trisura’s multi-year favorable growth and profitability outlook.
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