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On Thursday, BMO Capital Markets adjusted its stance on Mattr Ltd (MATR:CN), downgrading the company’s stock rating from Outperform to Market Perform, while maintaining a price target of C$12.00. The decision came after Mattr reported its first-quarter results for 2025, which were noted for strong performance, particularly due to increased sales of flexpipe and contributions from AmerCable.
The analyst from BMO Capital Markets recognized the solid results from Mattr but expressed concerns about the near-term outlook, specifically pointing to a less clear view into the second quarter. Mattr’s recent performance has been strong, but the analyst advised caution due to potential challenges ahead.
The firm acknowledged that while Mattr has potential for longer-term growth as its various business segments integrate, there is a need for a more cautious approach at present. This is largely due to the potential impacts of tariffs that the company may face in the near future.
Despite the downgrade, BMO Capital Markets has not altered its price target for Mattr, indicating that the firm still sees value in the company’s stock at C$12.00. The unchanged price target suggests that the firm believes the stock is currently valued appropriately, taking into account both the positive aspects of the company’s performance and the possible risks on the horizon.
Mattr Ltd’s stock rating adjustment by BMO Capital Markets reflects a balance between recognition of the company’s recent achievements and the anticipation of challenges that could affect its performance in the upcoming quarter. The firm’s maintained price target also indicates a belief in the company’s value proposition over the longer term, despite the immediate concerns that have prompted a more cautious rating.
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