PI Financial downgraded H2O Innovation to Tender from Buy with a price target of C$4.25, up from C$4.00, following yesterday’s announcement of a C$4.25 offer. After a brief chat with management, the firm is confident that the offer for the company is “a fair one” and feels that it is unlikely to be challenged by a competing bid, the analyst tells investors.
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Read More on HEOFF:
- H2O Innovation downgraded to Tender from Buy at Desjardins
- H2O Innovation price target raised to C$4.25 from C$3.25 at Canaccord
- H2O Innovation downgraded to Tender from Outperform at National Bank
- H2O Innovation to be acquired by Ember Alongside IQ, CDPQ, executives
- H2O Innovation price target lowered to C$3.50 from C$3.65 at Desjardins
