John Gibson CFA, an analyst from BMO Capital, reiterated the Buy rating on Mattr (MATR – Research Report). The associated price target was lowered to C$12.00.
John Gibson CFA has given his Buy rating due to a combination of factors that highlight both the challenges and potential opportunities for Mattr. The company’s Q4/24 results slightly exceeded expectations, despite ongoing cost pressures affecting operational performance. The strategic move to increase manufacturing capacity in the U.S. is expected to mitigate tariff-related risks, which is a positive sign for the company’s future performance.
Furthermore, Mattr’s revenue growth in both Composite and Connection Technologies segments indicates a solid long-term growth profile. Although the company faces some near-term challenges, such as product mix issues and added costs, the analyst believes that the company’s expansion efforts and recent acquisitions position it well for future success. This outlook, coupled with a revised target price, supports the Buy rating, suggesting that patience will be rewarded as Mattr navigates its current hurdles.
Gibson CFA covers the Energy sector, focusing on stocks such as CES Energy Solutions, Trican Well Service, and Precision Drilling. According to TipRanks, Gibson CFA has an average return of 19.0% and a 53.46% success rate on recommended stocks.