Wishpond is a compelling investment, says iA Capital Markets

Following the company’s Q2 results, Industrial Alliance analyst Naji Baydoun has dropped his price target on Aecon Group (Aecon Group Stock Quote, Chart, News, Analysts, Financials TSX:ARE). On January 26, ARE reported its Q2, 2023 results. The company posted Adjusted EBITDA of $16.7-million on revenue of $1.17-billion. While the topline was four per cent better than the same period in 2022, EBITDA fell sharply, from $38.5-million in last year’s second quarter. Read more. Source: Cantech Letter

iA Capital Markets analyst Neehal Upadhyaya has reiterated a Top Pick status for Canadian marketing tech company Wishpond Technologies (Wishpond Technologies Stock Quote, Charts, News, Analysts, Financials TSXV:WISH), saying in a Wednesday report to clients that despite recent strong quarterly performances, Wishpond isn’t getting the recognition it deserves. Read article. Source: Cantech Letter

iA Capital Markets analyst Naji Baydoun has maintained a “Strong Buy” rating on Brookfield Infrastructure Partners (Brookfield Infrastructure Partners Stock Quote, Charts, News, Analysts, Financials NYSE:BIP), saying in a Wednesday report to clients that the company is making progress on its capital recycling initiatives. Read article. Source: Cantech Letter

The good times keep rolling for Wishpond Technologies (Wishpond Technologies Stock Quote, Charts, News, Analysts, Financials TSXV:WISH), despite the more challenging macro environment, and that’s a great sign of strength, according to iA Capital Markets analyst Neehal Upadhyaya, who reviewed Wishpond’s latest quarterly results in a Friday report. Read article.

Christian Pouliot, head of fixed income investments at iA Capital Markets, discussed the potential impact of the Credit Suisse situation on Canadian banks and insurance companies issuing Limited Resource Capital Notes (LRCNs), which are equivalent to Additional Tier 1 (AT1) debt in Switzerland, in an interview with The Globe and Mail. Pouliot suggested that Canadian financial institutions will face a more expensive fundraising environment in the short term, as investors may demand higher interest payments to take on the risk associated with LRCNs. He predicted that investors may ask for 10 to 15 basis points more of a risk premium due to the increase in uncertainty. Pouliot expects between $2 billion and $4 billion worth of LRCNs to be issued this year, but the recent events may impact pricing for the next few months. Read article.