TD Securities raised the firm’s price target on FirstService (FSV) to $199 from $192 and keeps a Hold rating on the shares. The company reported a strong quarter and 2025 set to be another strong year of growth, stability, and acquisitions, the analyst tells investors in a research note. The firm is “increasingly constructive” on FirstService’s valuation, but believes a modest pullback in the share price or evidence of higher earnings power for 2025 and 2026 is required before revisiting its rating.
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