CIBC Maintains Outperformer on Saputo, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Petrie maintains an Outperformer rating on Saputo (OTC:SAPIF) but lowers the price target from C$43 to C$38.
June 12, 2023 | 5:07 pm
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NEUTRAL IMPACT
CIBC analyst Mark Petrie maintains an Outperformer rating on Saputo (OTC:SAPIF) but lowers the price target from C$43 to C$38.
The news of CIBC maintaining an Outperformer rating on Saputo is positive for the stock. However, the lowering of the price target from C$43 to C$38 may create some uncertainty among investors. The overall impact on the stock price in the short term is expected to be neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100