Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (86605)	11/20/2020 8:54:21 AM
From: Goose94	Read Replies (2) \| Respond to of 202121

ShawCor (SCL-T) ATB Capital Markets analyst Tim Monachello continues to rate "sector perform." Mr. Monachello hiked his share target by 50 cents to $3.50. Analysts on average target the shares at $3.68. Mr. Mr. Monachello says in a note: "Overall, we believe the most pervasive risks to 2021 results are regarding 1) the pace of near-term pipe coating project awards needed to backfill H2/21 pipe coating activity; 2) the pace of improvements in North American onshore activity as a key determinant for SCL's composite pipe and other base business demand; and 3) the pace of a global economic recovery from COVID-19 which could dictate the pace of AI [Automotive and Industrial] segment results. Since reporting Q3/20 results on Nov. 12, SCL shares are up roughly 26 per cent outperforming the ATB custom energy services index by roughly 1600 basis points. We believe SCL's strong share performance is largely a result of 1) optimism regarding vaccine-related news which has driven strong performance across the sector; and 2) guidance for significantly improved Q4/20 results."