TD Securities upgraded FirstService (FSV) to Buy from Hold with a price target of $213, down from $214. The post-earnings share selloff along with “immaterial changes” to forward estimates have created a compelling valuation, the analyst tells investors in a research note. TD believes FirstService is well positioned in a challenging trade and macroeconomic backdrop. Scotiabank this morning also upgraded FirstService.
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Read More on FSV:
- FirstService: Strong Long-Term Potential Amid Temporary Challenges
- Scotiabank upgrades FirstService on post-earnings selloff
- FirstService upgraded to Buy from Hold at TD Securities
- FirstService upgraded to Outperform from Sector Perform at Scotiabank
- FirstService Corporation Reports Steady Q3 Growth