FirstService price target raised to $225 from $215 at Raymond James

Raymond James raised the firm’s price target on FirstService (FSV) to $225 from $215 and keeps an Outperform rating on the shares. Raymond James believes the Infrastructure & Construction group is set for a constructive 2025, telling investors in a research note that the companies’ management teams have expended big efforts to eliminate end-market concentration, reinforce balance sheets and tailor service offerings that answer critical infrastructure needs. At the same time, the firm remains cautious for 2025 as diverging interest rates in major economies, Donald Trump’s first 100 days in office, ongoing geopolitical risks, and stretched valuations all make for a volatile first half of the year.