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Analyst ratings are quantitative and qualitative analysis of a stock by Wall Street stock rating analysts. Stock ratings consist of expected future growth, current stock valuation and macroeconomic trends.

Tom Callaghan's

<ul>
	<li>RBC Capital Markets&nbsp;analyst Tom Callaghan initiated coverage on&nbsp;FirstService Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSV#NASDAQ">FSV</a>) with&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/FSV/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Outperform Rating with a price target of $165</a>.</li>
	<li>The analyst is bullish on the long-term growth prospect of the company, given its strong track record of business execution and efficient management team.</li>
	<li>Callaghan believes FSV&#39;s diversified business shields it against an unfavorable macroeconomic environment. He also commends FSV&#39;s balance sheet flexibility to aid acquisitions.</li>
	<li>As per the analyst, FSV&#39;s organic growth and bolt-on acquisitions have driven a revenue CAGR of 19% over the last 25 years and an EPS CAGR of 17% (since separation from&nbsp;Colliers International Group Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cigi#NASDAQ">CIGI</a>)).</li>
	<li>Callaghan projects adjusted EBITDA of $399 million (+13% Y/Y) in 2023, $451 million in 2024 (+13% Y/Y) on expected revenue growth of 11% Y/Y in 2023 and 10% Y/Y in 2024.&nbsp;</li>
	<li>The analyst also sees a margin expansion potential, mainly within the Brands divisions, over the medium to longer-term period.</li>
	<li>Price Action: FSV shares are trading higher by 1.71% at $145.29 on the last check Wednesday.</li>
</ul>

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FirstService Initiation: Analyst Bullish On Long Term Growth Prospects

<ul>
	<li>Melcor Developments Ltd.&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/MRD#TSX">MRD</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MODVF#OTC">MODVF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/MODVF" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">price target has been lowered</a>&nbsp;to C$18 from C$19 by&nbsp;RBC Capital&nbsp;analyst Tom Callaghan.</li>
	<li>The analyst maintained the Sector Perform rating on the shares.</li>
	<li>Callaghan states that there is no change in constructive stance on Melcor Developments following Q1 results.</li>
	<li>The analyst continues to see several tailwinds in both Alberta and the U.S. and remains vigilant to potential risks stemming from global supply chain/inflation issues and rising interest rates.</li>
	<li>Callaghan believes the share price reflects a reasonable margin of safety and sees an increasingly bullish picture emerging should momentum continue into the back half of 2022.</li>
	<li>Price Action:&nbsp;MRD shares are trading higher by 2.74% at C$13.86 on TSX on the last check Wednesday.</li>
</ul>

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MODVF

TSX:MRD

RBC Capital Trims Melcor Developments Price Target By 5%

Earnings

Danaher Q1&#39;16 Earnings Conference Call: Full Transcript

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Tom Callaghan's Stock Ratings

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