Inside the Market’s roundup of some of today’s key analyst actions
Shares of the Vancouver-based hydrogen fuel cell system manufacturer jumped 5.6 per cent on Wednesday withit has retained Credit Suisse as a financial adviser “to advise on strategic alternatives.”
“With slower growth expectations, LPEN has engaged in headcount and opex reductions to ensure it can fund operations for the calendar year. However, with $24.5-million in cash, LPEN is in a difficult position and has hired a financial advisor to review strategic alternatives. We believe an equity raise would be challenging and a potential sale could be on the table, though the company could see a wide range of potential outcomes from the review.
Accordingly, he initiated coverage of the Toronto-based provider of connected TV and over-the-top advertising platforms with a “buy” recommendation on Thursday. “The Company uses data collected from 280-million-plus mobile devices, and 110 million CTV households that produce a detailed household graph consisting of 55 million validated U.S. households, representing a larger reach than CTV market leader Samsung ,” he said.
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The Daily Chase: Awaiting Federal Budget; Markets point to muted open - BNN BloombergWe’re turning our attention to Parliament Hill today as Finance Minister Chrystia Freeland prepares to table the Federal budget.
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Imre: Give Ottawa Markets credit for boosting history, tourism and cultureIt\u0027s important that we recognize and acknowledge the efforts of those who make our city more livable, enjoyable and memorable.
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S&P/TSX composite up in late morning trading, U.S. stock markets mixed | Globalnews.caS&P/TSX composite up in late morning trading, U.S. stock markets mixed
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These Canadian housing markets have home prices below the national average - BNN BloombergHome prices have fallen below the national average in 14-out-of-20 regional housing markets, according to a report by Zoocasa. Here are the most affordable housing markets in Canada right now.
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These Canadian housing markets have home prices below the national averageHome prices have fallen below the national average in 14-out-of-20 regional housing markets, according to a report by Zoocasa. Saint John, N.B., took the top place for the most affordable region, with an average home price of $268,400.
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S&P/TSX composite up more than 100 points, U.S. stock markets also higher | Globalnews.caCanada's main stock index was up more than 100 points in late-morning trading, helped higher by gains led by the energy, technology and base metal sectors.
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