Scotiabank Maintains Sector Perform on Saputo, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst George Doumet maintains a Sector Perform rating on Saputo (OTC:SAPIF) and lowers the price target from C$39 to C$35.
June 12, 2023 | 5:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Scotiabank maintains a Sector Perform rating on Saputo (OTC:SAPIF) and lowers the price target from C$39 to C$35.
The lowered price target from Scotiabank indicates a potential decrease in the stock price of Saputo (OTC:SAPIF) in the short term. The Sector Perform rating suggests that the stock is expected to perform in line with the market, but the reduced price target may lead to a negative sentiment among investors, causing the stock price to go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100