Konark Gupta, analyst at Scotia Capital, cut the price targets of eight companies by an average of 12 per cent, out of the 14 companies he covers.
“As investor concerns are picking up that the Fed’s hawkish approach could trigger a downturn, we are making even more cuts to our long-term estimates across our coverage universe while also incorporating the effects of CAD weakness,” Gupta said“Although the path remains unclear, we are of the view that a potential recession could be less damaging for the aviation sector than freight transportation as consumption is shifting toward services from goods coming out of the pandemic.
“Air travel demand appears to be trending up despite macro headwinds while labour shortage continues across the industry.”DOWNGRADING MULLEN GROUP
Potential recession? 😂
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Canadian companies turning to amenities to lure staff back to offices - BNN BloombergThe thinking at many companies is that staff might not be keen on returning to the office without something to ease the transition — such as a splashy new space with catered lunches, room for workouts and other perks like childcare. None of these “amenities” are worth a 3hr commute. Wasted time, $200+ in transit costs, less sleep, less time with family. All to sit at an open plan desk with poor ergonomics, distractions, noise, poor air quality, rampant COVID. Plus no added value to the actual job/less output Hmmm, Apple has the splashiest digs and top notch amenities and still has employees advocating to work from home. Maybe companies should just learn to manage effectively rather than wasting money on employee conversion training.
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