CareRx's Promising Growth and Operational Efficiency Drive Buy Rating with C$4.25 TargetWe remain confident in CRRX’s bed growth trajectory toward the 100,000 milestone exiting 2026. We pushed out CRRX hitting the 10% EBITDA margin target to mid-2026, offset by higher bed growth expectations. As a result, our 2026 EBITDA decreases modestly, but we raised our 2027 forecast. We see CRRX as an attractive story, playing into the aging demographics theme, with reaccelerating bed growth and a margin expansion tailwind. After rolling our valuation forward, we maintain our Buy rating and C$4.25 target.