TD Securities initiated coverage of FirstService with a Hold rating and C$174 price target. The analyst says the current valuation of FirstService relative to historical precedents and comparables “represents reasonable value.” FirstService offers investors an “economically resilient business with a proven record” of market-share growth, and a capital structure that provides “prudent” financial risk and returns, the analyst tells investors in a research note.
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Read More on FSV:
- FirstService Corporation Announces Upcoming Meeting and Financial Reporting Dates
- FirstService Residential acquires controlling interest in Rizzetta & Company
- FirstService Residential Further Enhances Market Leadership Position in Florida
- FirstService price target raised to $176 from $142 at Deutsche Bank
- FirstService price target raised to $166 from $165 at Scotiabank
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