Goeasy initiated with an Outperform at Keefe Bruyette

Keefe Bruyette analyst Mike Rizvanovic initiated coverage of Goeasy with an Outperform rating and C$205 price target, which implies total potential upside of 20%. The analyst expects the company’s earnings to grow by a “very strong” 19% in 2024, followed by a further 21% gain in 2025. Keefe’s estimates are slightly above consensus expectations and at the high end of management’s guidance, which could prove conservative in a soft landing scenario for the Canadian economy, the analyst tells investors in a research note.