BMO Capital Markets on Friday reiterated its market-perform rating on the shares of Power Corp. of Canada (POW.TO) while raising its price target on the shares of the holding company to C$52.00 from C$49 on higher contributions from its companies.
"Target increases to $52 from $49, reflecting increased GWO/IGM targets post their respective Q4/24 results. Q4/24E adjusted EPS increase to $1.71 (consensus $1.66) from $1.70, reflecting modestly higher Q4/24 GWO/IGM/GBLB contributions, partially offset by negative impact of estimated consolidation adjustment (model refinement). Incorporating new estimates for modestly negative impact of consolidation adjustments, partially offset by recently increased GWO/IGM estimates, we modestly lower 2025E adjusted EPS to $5.42 from $5.47 (consensus $5.27), and introduce 2026E adjusted EPS of $5.98," analyst Tom MacKinnon.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 48.99, Change: +0.80, Percent Change: +1.66
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