Stocks & Investing
Stocks and Investing
Stocks and Investing
Sat, November 30, 2024
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Fri, November 29, 2024
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Extendicare Inc: RBC Capital Raises Valuation on Positive Q3 Earnings
- Extendicare Inc. has received a target price upgrade from RBC Capital Markets (Analyst Rank#3), which raised its price target to CAD 11 from CAD 9.50. The revision comes on the back of the company's better-than-expected third-quarter earnings, bolstered by increased government funding that positively impacted its financial performance.
The article from The Globe and Mail discusses RBC Capital Markets' analysis of Extendicare Inc.'s third-quarter earnings. RBC Capital has raised its valuation on Extendicare due to the company's strong performance in Q3, which included better-than-expected earnings and an improved outlook for future growth. The analysis highlights that Extendicare benefited from higher occupancy rates, increased funding from government programs, and effective cost management. Additionally, RBC Capital noted the positive impact of Extendicare's strategic initiatives aimed at enhancing its long-term care and home health care services, which are expected to drive further growth. The report also mentions that despite the challenges posed by the ongoing health crisis, Extendicare has managed to navigate through with resilience, leading to an upward revision in price targets and earnings estimates by RBC Capital.
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/EXE-T/pressreleases/29813079/extendicare-inc-rbc-capital-raises-valuation-on-positive-q3-earnings/ ]
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/EXE-T/pressreleases/29813079/extendicare-inc-rbc-capital-raises-valuation-on-positive-q3-earnings/ ]
