Q: Anything on your radar to account for 100% in 6 months and 40 % move in 1 month? Last quarter missed expectations.
Thx
Thx
5i Research Answer:
TA is a favourite amongst many of the sell-side brokers. It got named as a top pick by BMO this week and got a price target increase. It also recently closed an acquisition and maintained its dividend. Earnings and these developments are what has contributed to the big rally over the last few months. We think it is OK but at 41x forward earnings we are hesitant.