BUZZ-Element Financial Corp: Raymond James upgrades to "strong buy"
** Canadian equipment finance provider's shares up 7.4 pct at C$17.77
** Raymond James analysts upgrade to "strong buy" from "outperform" after company initiates dividend
** "We believe Element features a rare combination of high earnings growth potential, earnings predictability and M&A optionality," the analysts write in a note
** Company initiated quarterly dividend of C$0.025/shr and posted in line Q3 profit of 25 Canadian cents on Tuesday
** All 13 brokerages covering the stock have "buy" or higher rating; median price target is $25
** Up to Tuesday's close, stock had risen 17 pct this year
© Thomson Reuters 2017 All rights reserved.