Mainstreet Equity Price Target Raised to $240 at ATB Capital

MT Newswires Live12-17 20:31

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."

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