Desjardins Is Bullish On dentalcorp - Read Why

• dentalcorp Holdings Ltd (TSX:DNTL) coverage has been assumed with a Buy recommendation and a price target of C$21 by Desjardins analyst Gary Ho.
• The analyst says the recently announced dental care proposal for low-income Canadians as a slight benefit for the company.         
• The analyst sees the business model offering downside protection through >80% recurring patients/revenue, a non-discretionary spend and cash-pay arrangement with minimal credit risk, as well as upside growth from M&A and organic growth.
• The analyst states that DNTL’s management team has a successful M&A track record of acquiring, integrating, and retaining >180 practice additions in the past three years despite COVID-19 restrictions.
• Price Action: DNTL shares are trading lower by 1.36% at C$15.26 on TSX on the last check Thursday.