Roots Downgraded To Hold At TD
Roots Corp. (ROOT.TO) was downgraded to Hold from Buy at TD Securities Friday.Analyst Brian Morrison raised his price target on shares of the Canadian retailer to $4.25 from $4 following its quarterly results."Q4/F25 solid results were in line, a combination of new product, client favourites, and heightened marketing investment supporting strong DTC sales," Morrison said in a note to clients."While brand momentum is continuing into F2026, we believe the strategic review process is currently the key investor focal point," the analyst said."We believe there is a high probability for a potential monetization event, that we believe should support a valuation multiple toward the low end of its peer group," Morrison said."Given the recent share price appreciation approaching our view of 'fair value' we are lowering our recommendation to Hold."(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://finwires.com/en/contact)