RBC Capital Reiterates Outperform on Champion Iron, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sam Crittenden has reiterated an Outperform rating on Champion Iron (OTC:CIAFF) but lowered the price target from C$9 to C$8.
June 02, 2023 | 2:59 pm
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RBC Capital analyst Sam Crittenden reiterated an Outperform rating on Champion Iron (OTC:CIAFF) but lowered the price target from C$9 to C$8.
The news of RBC Capital reiterating an Outperform rating on Champion Iron is positive for the company, indicating that the analyst still believes the stock will outperform its peers. However, the lowering of the price target from C$9 to C$8 may create some uncertainty among investors, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100