BMO Capital Markets upgraded goeasy Ltd. (GSY.TO) to Outperform from Market Perform on Friday.
Analyst Etienne Ricard maintained a price target of $200 on shares of the Canadian alternative financial services company.
"GSY trades at trough multiples on tariff-scenario earnings, effectively fully pricing-in downside risk from a prolonged trade war," Ricard said in a note to clients.
"The risk-reward now looks highly favourable and we note the +46% return to our $200 target already factors in margins of safety on valuation multiples and earnings," the analyst said.
(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)
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