TD Securities analyst Graham Ryding downgraded EQB Inc (EQGPF) to Hold from Buy with a price target of C$110, down from C$126. Earnings adjustments were material this quarter, which reduces earnings quality, and impairments continue to move higher, notes the analyst, who has reduced the multiple to reflect what the firm views as “a fluid near-term credit and earnings outlook.”
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQGPF:
- EQB Inc. Reports Record Earnings and Dividend Increase
- EQB Inc downgraded to Market Perform from Buy at Cormark
- EQB Inc price target raised to C$126 from C$109 at TD Securities
- EQGPF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- EQB Inc price target raised to C$135 from C$109 at Scotiabank