Friday’s analyst upgrades and downgrades
Analysts have made notable upgrades and downgrades in the tech sector. Blackline Safety Corp. was downgraded by RBC Dominion Securities due to limited upside following its acquisition announcement. Meanwhile, Lightspeed Commerce Inc. faced a decline in shares after guidance fell short of market expectations despite better-than-expected quarterly results.
- ▪RBC Dominion Securities downgraded Blackline Safety Corp. to 'sector perform' from 'outperform' after its acquisition announcement.
- ▪The analyst believes the acquisition limits Blackline's growth story despite a short-term return for investors.
- ▪Lightspeed Commerce Inc. shares dropped 6.6 percent after guidance for fiscal 2027 fell below consensus forecasts.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInside the Market’s roundup of some of today’s key analyst actionsSeeing limited upside to its shares following a rally that following its April 8 announcement of a definitive agreement to be acquired by U.S. private equity giant Francisco Partners Management LP for up to $850-million, RBC Dominion Securities analyst Paul Treiber downgraded Blackline Safety Corp. (BLN-T) to “sector perform” from “outperform” previously.“While the takeout premium provides an attractive short-term return on the shares, investors lose an attractive growth story,” he said.In a client note released before the bell titled An early end of the BLN story, Mr.
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