AC has fallen substantially over the past couple of months alongside the broader markets, but analysts expect decent sales and earnings expansion in the coming years, and it trades at a cheap valuation of 5X forward earnings. If the broader markets stabilize here, we might expect a bounce in AC, but so far its recent momentum has been negative. It is difficult to make a prediction on short term moves, but given its cheap valuation, we would be comfortable with AC here for a long-term hold, and if the markets stabilize, we might expect positive short-term momentum in the name.
5i Research Answer: