Raymond James last night initiated coverage of Adentra (HDIUF) with a Strong Buy rating and C$60 price target representing a 60% total return from the December 17 closing price. Adentra is well positioned to deliver “outsized growth” given its market position, financial liquidity and acquisition pipeline, and strong U.S. macro tailwinds, the analyst tells investors in a research note. The firm says that after closing on 16 acquisitions since 2011, Adentra’s management has transformed the company from a hardwoods building materials distributor to a specialty provider of architectural products with improved value-added capabilities.
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Read More on HDIUF:
- Adentra initiated with a Strong Buy at Raymond James
- Adentra price target lowered to C$49.50 from C$52.50 at Scotiabank
- Adentra Inc. Reports Steady Q3 2024 Performance
- ADENTRA Reports Solid Q3 2024 Performance
- HDIUF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
