Q: What is floating the EIF price?
5i Research Answer:
EIF has hit another new high today, now up 14% YTD and 55% over one year. July 7 RBC raised its target price from $66 to $74; CIBC also raised, from $73 to $74.50. July 3 National Bank went from $73 to $81. July 2 EIF finalized the Bradley Air Services acquisition. But no major news here. Investors are anticipating strong results on Aug 11.