TD Cowen initiated coverage of Compass Diversified (CODI) with a Buy rating and $34 price target Compass is a “novel type of company” that offers shareholders an opportunity to own a portfolio of actively managed businesses “with compelling attributes,” the analyst tells investors in a research note. The firm says the company’s advantages include diversification, flexibility to transact at optimal times, favorable cost of debt, and permanent equity capital. TD sees strong earnings growth and multiple expansion as “dual drivers” for the shares.
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Read More on CODI:
- Compass Diversified price target raised to $28 from $26 at BofA
- Compass Diversified Reports Strong Q3 2024 Results
- Compass Diversified Holdings Reports Strong Q3 2024 Results
- Compass Diversified reports Q3 EPS 8c, may not compare to consensus 54c
- CODI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
