The Globe and Mail reports in its Friday, May 9, edition that TD Cowen analyst Brian Morrison believes Linamar is currently "underappreciated" by investors. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison has elevated his recommendation for Linamar to "buy" from "hold." Mr. Morrison jacked his share target up to $66 from $59. Analysts on average target the shares at $65.50. Mr. Morrison says in a note: "Linamar has the potential for elevated tariff risk should the USMCA agreement not be renewed/renegotiated on favorable terms. We take a more optimistic view on the outcome due to supply-chain complexity, and therefore believe that the share price decline is sufficient. Despite our well below guidance forecast, we believe its valuation/FCF profile/industrial assets are currently underappreciated." The Globe reported on Nov. 14, 2024, Feb. 14, 2025, and March 7, 2025, that Mr. Morrison rated Linamar "hold." The shares could then be had for $59.88, $52.97 and $53.25.
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