Goldman Sachs has raised its price target for LandBridge to $88, maintaining a Buy rating, following strong fourth-quarter disclosures and annual report insights. The company has shown a remarkable 253% return over the past year, with current trading at $79.18, close to its 52-week high. Analysts emphasize the importance of operating leverage and the potential for significant revenue growth, particularly with new third-party contracts and ambitious revenue targets set by management.
Laurentian Bank Seeks Partners to Fund One Billion in Northpoint Assets
Laurentian Bank of Canada is negotiating with asset managers, including private credit firms, to secure funding for approximately $1 billion in assets for Northpoint Commercial Finance. The Montreal-based lender is considering partnerships, potentially through forward flow agreements, to guarantee financing for loans prior to their origination. Conversations are still in progress, with no final decisions made yet.
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