Alaris Equity Partners initiated with an Outperform at Raymond James

Raymond James analyst David Pierse initiated coverage of Alaris Equity Partners (ADLRF) with an Outperform rating and C$24 price target The company’s structured equity financing to private businesses across North America offering a unique form of long-term capital that competes favorably with more traditional private capital providers, the analyst tells investors in a research note. Alaris provides unitholders with a well-covered distribution and an attractive yield of about 7% at current trading levels, with added optionality on book value/unit growth through the company’s common equity and convertible preferred equity investments, the firm added.