The Globe and Mail reports in its Friday, Nov. 24, edition that Desjardins Securities analyst Brent Stadler continues to rate Evergen Infrastructure "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Stadler gave his share target a 25-cent trim to $4.25. Analysts on average target the shares at $5.69. While Mr. Stadler sees "strong" earnings growth, he has reduced his near-term expectations for Evergen Infrastructure, taking a "conservative view" in the ramp-up to full renewable natural gas production. Mr. Stadler says in a note: "In our view, Evergen Infrastructure offers investors a unique opportunity to take early advantage of the RNG wave, which we believe is essential to reaching global decarbonization goals. We expect explosive growth as Evergen embarks on becoming a Canadian RNG leader." The Globe reported on April 26, 2022, and Sept. 29, 2023, that Mr. Stadler had reaffirmed his "buy" ranking for Evergen. It was then worth $3.69 and $2.52.
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