TD Downgrades goeasy to Hold

MT Newswires Live01-19

TD Securities downgraded goeasy Ltd. (GSY.TO) to Hold from Buy on Monday.

Analyst Graham Ryding lowered his price target on shares of the Canadian financial services company to $135 from $160 ahead of its quarterly results on February 12.

"We believe consensus is too high, given our lower forecast of consumer loan yield in 2026," Ryding said in a note to clients.

"We believe the run-off of higher-yielding loans and potential write-off of some interest receivables could weigh on the consumer yield and earnings," the analyst said.

"A muted earnings growth profile could keep valuation compressed (we forecast a 6% two-year EPS CAGR through 2026)," Ryding said.

(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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