Mainstreet Equity Price Target Lowered to $225 at ATB; Keeps Outperform Rating
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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
