ATB Capital Markets raised its price target on Mainstreet Equity Corp. (MEQ.TO) to $240 from $235.
Analyst Chris Murray maintained an Outperform rating on shares of the Canadian real estate company following its Q4 results.
"MEQ reported a solid quarter, with strong rental rates, easing cost pressures, and an increased stabilized unit base, mitigating the impact of moderating vacancy levels in certain markets," Murray said in a note to clients.
"Liquidity remains elevated, which we expect to support outsized M&A and greater returns to shareholders, with moderate buyback activity in Q4/FY25," the analyst said.
"We continue to see value in MEQ at current valuations (i.e., <15.0x 2026e FFO, 0.9x BV) and would remain buyers given the improving growth outlook heading into 2026."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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