Q: Finally.... 1st Analyst coverage from RBC capital Markets
" Mr. Kwan became the first analyst to initiated coverage of Lumine Group Inc. (LMN-X), giving it a “buy” rating and $28 target, and Topicus.com Inc. (TOI-X) with a “hold” rating and $99 target. "
Any comments on above ratings/reports ?
They seem to support 5i thesis on both companies.
Thank You
" Mr. Kwan became the first analyst to initiated coverage of Lumine Group Inc. (LMN-X), giving it a “buy” rating and $28 target, and Topicus.com Inc. (TOI-X) with a “hold” rating and $99 target. "
Any comments on above ratings/reports ?
They seem to support 5i thesis on both companies.
Thank You
5i Research Answer:
It is good to finally see coverage, and TD has a wide retail following, which should be good for the stocks. We feel that a buy rating for LMN is appropriate given its relatively smaller size and market opportunity compared with TOI. We like both names, but TOI is larger, operates in a lower-growth market, Europe, and so we feel the initiation is largely correct. With that said, we would be comfortable buying TOI here as well as LMN. TD's target on LMN is $28 and TOI $99.