Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (86350)	6/10/2020 8:51:33 AM
From: Goose94	Read Replies (1) of 202121

ShawCor (SCL-T) Industrial Alliance analyst Elias Foscolos says the recent rise in oil prices has improved the valuation for ShawCor and the energy sector as a whole. Mr. Foscolos continues to maintain his "hold" rating, he boosted his share target by $2.25 to $4. Analysts on average target the shares at $2.39. Mr. Foscolos says in a note: "Broad markets have been on the rebound, as social distancing restrictions and business shutdowns have been relaxing across the world. ... We expect international pipe coating to perform well over the next few quarters, driven by a strong backlog of projects that have already been booked. Projects that are yet to be sanctioned will likely be delayed, resulting in backlog winding down through the year as work is completed. We believe Q2/20 will be weak for SCL's Automotive and Industrial business line due to manufacturer shutdowns, but that segment's revenue will rebound quicker than SCL's oil and gas-related businesses, albeit at lower levels. SCL's composite tank business should continue to generate relatively stable, low-beta revenue in North America."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next