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Investing.com - Desjardins has initiated coverage on Exchange Income Corp . (TSX:EIF) (OTC:EIFZF) with a Buy rating and a price target of C$73.00.
The Canadian financial services firm cited Exchange Income’s consistent track record of successful mergers and acquisitions, particularly in niche markets across the aerospace, aviation, and manufacturing sectors throughout North America.
Desjardins highlighted the company’s potential for both organic and acquisition-driven growth, specifically mentioning opportunities related to what it termed the "silver tsunami" demographic trend.
The firm noted that investors could expect to benefit from steady dividend increases from Exchange Income Corp. as the company continues its growth trajectory.
The C$73.00 price target represents a potential 20.6% return from current levels, according to Desjardins’ analysis of the diversified acquisition-oriented corporation.
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