Allied Properties resumed with a Hold at TD Securities

TD Securities resumed coverage of Allied Properties (APYRF) with a Hold rating and a price target of C$10, down from C$14.50, following Allied’s $560M equity raise announced with “well below forecast” Q4 results. The firm views the introduced action plan as “largely achievable,” but says Allied remains a “show me” story as management works to regain investor confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recom ...