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CIBC keeps Doman Building Materials at neutral and C$7.50 target, sees limited near-term catalysts given likely commodity price deflation, volume headwinds on new residential side of business; Doman not expected to pursue major acquisitions in coming year
Published: August 10, 2022 by CIBC World Markets Inc.
RBC Capital reiterates Doman Building Materials' sector perform rating and C$7 target; while housing activity outlook is clouded by spiking inflation and other factors, silver linings to consider include M&A opportunities, margin stability, R&R demand
Published: August 10, 2022 by RBC Capital Markets LLC
Doman Building Materials reports Q2 earnings of C$20.7M, from year-ago C$53.1M, on revenues up 15.0% to C$870.7M; in 12 months since acquiring Hixson Lumber, balance sheet has improved substantially, with debt reductions of almost C$100M, says chairman
Published: August 08, 2022 by GlobeNewswire Canada
Raymond James downgrades Doman Building Materials to market perform from outperform, cuts target C$2 to C$7.50, and trims 2022/2023 EPS estimates, citing sustained volatility in lumber/building materials prices, slowdown in North American housing activity
Published: August 05, 2022 by Canada StockWatch
RBC Capital downgrades Doman Building Materials to sector perform from outperform, cuts target C$3 to C$7; Doman poised to benefit from future increases in construction activity, but rising rates likely to slow North American housing market in near term
Published: July 21, 2022 by RBC Capital Markets LLC

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