H2O Innovation price target lowered to C$3.50 from C$3.65 at Desjardins

Desjardins lowered the firm’s price target on H2O Innovation to C$3.50 from C$3.65 and keeps a Buy rating on the shares. While maple’s Q4 difficulties were “disappointing,” management is taking actions to mitigate the headwind in FY24 and position its maple operations for a recovery, the analyst tells investors in a research note. The firm added that it believes H2O Innovation’s depressed valuation offers a buying opportunity.