Reported 13 days ago
Onex Corp. saw its stock reach a record high after TD Cowen upgraded it from a neutral to a buy rating, following a successful year of credit fundraising where the firm raised $5.6 billion. CEO Bobby Le Blanc highlighted this as a remarkable year, significantly outpacing expectations. The share price climbed 6.5% to C$118.38, bolstered by an optimistic forecast from analysts for further growth and potential buyback activity, leading to a unanimous buy consensus.
Source: YAHOO