I don’t really pay much attention to what traditional analysts think, as I believe many of them have a tendency to run with the herd and focus more on career risk than providing accurate analysis, but for what it’s worth here’s another one that thinks Avigilon is a buy:
Imperial Capital initiated coverage on shares of Avigilon Corp (TSE:AVO) in a research report released on Friday morning. The firm issued an outperform rating and a C$25.00 price objective on the stock.
A number of other firms have also recently commented on AVO. Analysts at TD Securities cut their price target on shares of Avigilon Corp from C$39.00 to C$35.00 in a research note on Friday, August 8th. They now have a buy rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Avigilon Corp from C$32.00 to C$34.00 in a research note on Friday, August 8th. They now have a buy rating on the stock. Finally, analysts at Pi Financial cut their price target on shares of Avigilon Corp from C$38.00 to C$33.00 in a research note on Friday, August 8th. They now have a buy rating on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$32.44.
http://www.wkrb13.com/markets/387885/avigilon-corp-research-…
Those target prices are in Canadian: the stock (AVO) is trading around CAD $14.11 as I write this (AIOCF, which trades in USD, is around $12.64).
Neil
Long AVO