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FirstService Price Target Cut to US$200.00 at Stifel Canada

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-- Stifel Canada cut its price target on the shares of FirstService (FSV.TO, FSV) shares to US$200.00, from US$215.00 even though the company reported "solid" first quarter results.

Analyst Daryl Young, who is maintaining a buy rating on the shares, says overall, the macro environment remains tepid which is stymying a more "fulsome" re-acceleration of results, but FirstService should still be able to grind out mid to single digit growth (plus upside from tuck-ins and potential restoration storm-revenues).

"We view the stock as trading at a trough valuation on trough estimates."

Price: $199.36, Change: $-0.68, Percent Change: -0.34%

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