Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - RBC Capital initiated coverage on ECN Capital Corp. (TO:ECN) (OTC:ECNCF) with a Sector Perform rating and a price target of C$3.25 on Wednesday.
The investment firm believes the current valuation appropriately reflects the company’s growth outlook following ECN Capital’s completion of simplification efforts that began in 2017.
ECN Capital now operates with two main verticals: Manufactured Housing, which represents approximately 85% of expected pre-tax income for 2025, and RV/Marine, accounting for the remaining 15% of projected pre-tax income for the same period.
RBC Capital notes that both business segments are experiencing strong origination growth in 2025, contributing to the company’s current performance.
Despite the positive origination trends this year, the investment firm expresses caution regarding consumer demand in 2026 and beyond, which factors into its neutral stance on the stock.
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