EQB Price Target Raised to $151 at CIBC
CIBC Capital Markets raised its price target on EQB Inc. (EQB.TO) to $151 from $116. Analyst Paul Holden resumed coverage of the Canadian financial services company with an Outperformer rating. "The near-term earnings outlook is challenged due to Canadian consumer credit pressure, well known and expected," Holden said in a note to clients. "We think the stock should be bought at current levels based on our EPS growth outlook through F2028 (21% CAGR from F2025), which includes upside from lower loan losses and from growing deposits with PC Financial customers," the analyst said.
CIBC Capital Markets raised its price target on EQB Inc. (EQB.TO) to $151 from $116.
Analyst Paul Holden resumed coverage of the Canadian financial services company with an Outperformer rating. "The near-term earnings outlook is challenged due to Canadian consumer credit pressure, well known and expected," Holden said in a note to clients. "We think the stock should be bought at current levels based on our EPS growth outlook through F2028 (21% CAGR from F2025), which includes upside from lower loan losses and from growing deposits with PC Financial customers," the analyst said.