Latest news with #HamirPatel
Yahoo
07-05-2025
- Business
- Yahoo
Mercer price target lowered to $5 from $6 at CIBC
CIBC analyst Hamir Patel lowered the firm's price target on Mercer (MERC) to $5 from $6 on lower estimates, while keeping a Neutral rating on the shares. Despite increased uncertainty for global pulp demand given the deteriorating trade relationship between the U.S. and China, the firm notes that Mercer has some of the most modern NBSK pulp mills in the world, assets with growing scarcity value given the large capex requirements facing many Canadian peers, and limited untapped softwood fiber outside of Russia. The company also has a favorable track record of accretive growth and should benefit from a rebound in European lumber/pallet demand in 2026, as well as increased deliveries from its growing mass timber platform, CIBC adds. Protect Your Portfolio Against Market Uncertainty Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on MERC: Disclaimer & DisclosureReport an Issue
Business Insider
30-04-2025
- Business
- Business Insider
CIBC Sticks to Its Hold Rating for Chemtrade Logistics (CHE.UN)
In a report released yesterday, Hamir Patel from CIBC maintained a Hold rating on Chemtrade Logistics ( – Research Report), with a price target of C$10.50. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Patel is a 5-star analyst with an average return of 15.5% and a 54.55% success rate. Patel covers the Basic Materials sector, focusing on stocks such as Methanex, Mercer International, and Mosaic Co. Currently, the analyst consensus on Chemtrade Logistics is a Moderate Buy with an average price target of C$13.00. market cap is currently C$1.12B and has a P/E ratio of 8.99. Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of in relation to earlier this year.
Business Insider
22-04-2025
- Business
- Business Insider
Canfor downgraded to Neutral from Outperformer at CIBC
CIBC analyst Hamir Patel downgraded Canfor (CFPZF) to Neutral from Outperformer with a C$16 price target Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
04-04-2025
- Business
- Yahoo
Methanex price target lowered to $55 from $63 at CIBC
CIBC analyst Hamir Patel lowered the firm's price target on Methanex (MEOH) to $55 from $63 and keeps an Outperformer rating on the shares. After meeting with Methanex CEO Rich Sumner, the firm moderated its target due a reduction in its valuation multiple as the firm believes the market will need to see demonstrated consistent operating performance from the company's G3 plant that is currently idled before affording the company a higher multiple. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MEOH: Disclaimer & DisclosureReport an Issue Methanex price target lowered to $41 from $57 at Barclays Methanex Announces 2025 Annual General Meeting Details Barclays sees potential operational questions for Methanex Methanex price target lowered to $64 from $68 at Jefferies Methanex: Undervalued with Strong Long-Term Prospects Despite Short-Term Challenges
