Power Corporation Target Raised to $55 at National Bank

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Power Corporation Target Raised to $55 at National Bank

, MT Newswires - 2:14 PM ET 3/20/2025 default

02:14 PM EDT, 03/20/2025 (MT Newswires) -- National Bank has raised its target price on Power Corp to $55 (from $50) and reiterated its Sector Perform rating.

Power Corp reported adjusted fourth-quarter profit of $1.28, below the Street's $1.39 and National Bank's $1.62.

However, the company also announced a 9% increase it its quarterly dividend, above analyst Jaeme Gloyn's forecasted 5% bump. "And, with $450 million in excess cash as at Q4-24, we expect POW to remain active on the buyback," Gloyn adds.

Price: 49.69, Change: +0.42, Percent Change: +0.85

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