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Investing.com - RBC Capital has raised its price target on Exchange Income Corp . (TSX:EIF) (OTC:EIFZF) to C$74.00 from C$66.00 while maintaining an Outperform rating on the stock.
The firm’s quarterly EBITDA estimate remains unchanged at C$179 million ahead of Exchange Income’s second-quarter results, slightly above the consensus estimate of C$177 million.
RBC Capital’s 2025 EBITDA projection stands at C$710 million, aligning with consensus estimates and falling within the company’s guidance range of C$690 million to C$730 million.
The analyst noted that key focus areas for the upcoming quarterly report include impacts from the successful acquisition of Canadian North, updates on potential ISR contracts, and trends in the manufacturing segment.
The price target increase reflects an adjustment in RBC’s blended target multiple to 7.7x from the previous 7.2x.
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