BMO Capital downgraded Goeasy (EHMEF) to Market Perform from Outperform with a price target of C$202, down from C$218. The firm is positive on the company’s long-term growth prospects and strong execution but also increasingly mindful of downside risk amid deteriorating revenue yield and credit metrics in a softening macro-economic environment, the analyst tells investors in a research note. The stock is also trading in-line with its historical average, and BMO sees a “balanced” risk-reward on Goeasy shares, the firm added.
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