National Bank analyst Gabriel Dechaine downgraded EQB Inc to Sector Perform from Outperform with a price target of C$95, down from C$98. The analyst says higher loan losses and expenses drive the Q1 miss against an elevated valuation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EQGPF:
- Equitable Group Reports Strong Start to 2024
- EQB delivers 12% y/y earnings growth, increases dividend 5% q/q and 20% y/y, with assets under management and administration climbing 16% to $119 billion
- EQB Inc price target raised to C$111 from C$99 at Scotiabank
- EQB Inc price target raised to C$105 from C$94 at TD Securities
