trending Market Intelligence /marketintelligence/en/news-insights/trending/Nyi4kBsprgLr1P5ZcqAbgw2 content esgSubNav
In This List

CIBC World Markets Corp. raises Boardwalk REIT to 'sector performer'

Blog

Gauging the Impact of Rate Changes, Growth, and Foreign Fluctuations on the US Economy

Blog

2023 Big Picture: US Consumer Survey Results

Blog

Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise

Blog

Insight Weekly: US companies boost liquidity; auto insurers hike rates; office sector risk rises


CIBC World Markets Corp. raises Boardwalk REIT to 'sector performer'

CIBCWorld Markets Corp. analyst Alexander Avery raised his investmentopinion of Boardwalk Real EstateInvestment Trust to "sector performer" from "sector underperformer,"and increased his price target to C$54 from C$50.

Theanalyst wrote in a research report: "Our rating change reflectsexpectations that the devastating fires continuing to rage around Fort McMurraywill drive the displaced population into Edmonton and other population centres.While information is still scarce, it appears likely thousands of homes in FortMcMurray have been destroyed or damaged severely, and the entire population of~90,000 people has been displaced with no visibility into when the evacuationorder may be lifted or when people will be allowed back into their homes."