ATB Capital Markets lowered its price target on Mainstreet Equity (MEQ.TO) to $225 from $245 on Monday.
Analyst Sairam Srinivas maintained an Outperform rating on shares of the Canadian real estate company.
"With a targeted mid-market acquisition strategy that offers significant market penetration opportunities, an operating platform that enhances property yields through standardized renovation and cost management, and a strong financial structure that benefits from low-cost CMHC debt and the ability to reinvest operational cash flow into the portfolio, we believe MEQ has all the requisite components of a cash compounding vehicle in a relatively favourable macro environment," Srinivas said in a note to clients.
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