Desjardins Analyst Raises Mullen Group Price Target Following Operational Performance

Desjardins analyst Benoit Poirier has increased the price target for Mullen Group Ltd. to C$34 from C$31, citing strong operational performance. The Specialized & Industrial division reported operating margins of 24.7%, exceeding the forecast of 22.4%, and generated free cash flow of C$62 million, enhancing the company's net leverage. This financial strength positions Mullen Group to pursue acquisitions and benefit from anticipated growth in freight activity and energy investments.