Key events, in time order
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Csquare (CSQR) saw analyst initiations and price target raises, with BMO initiating at Outperform and a $26 price target. However, concerns exist regarding its high post-IPO leverage.
Main discussion
Different voices
Good Morning! Futures up $TSM reported NT$467.6B in July revenue, up 44.7% YoY and 5.6% MoM $OMDA pt raised $35 from $30 @ BTIG $COSI pt raised $50 from $45 @ BTIG $CSQR int Outperform@ BMO pt $26 $BTG u/g Outperform @ Scotiabank $SEZL u/g Buy @ Cowen pt 165
Reading the Morgan Stanley initiation on Csquare ($CSQR) & the post-IPO leverage of 9x (again, this is after the IPO) is absolutely ludicrous. This is the financial equivalent of riding your motorcycle at 130 mph through traffic; yes, you might be ok but any problem & you
+Initiations 8/10: $ASB $BANC $BKU $BPOP $CSQR $EWBC $FBP $FNB $FRBT $GWRE $KMTS $STDN . -Initiations 8/10: $FIBK
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