Scotiabank Maintains Sector Perform on Labrador Iron Ore Royalty, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw has maintained a 'Sector Perform' rating on Labrador Iron Ore Royalty (OTC:LIFZF) and lowered the price target from C$35 to C$34.
June 28, 2023 | 6:59 pm
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Scotiabank has maintained its 'Sector Perform' rating on Labrador Iron Ore Royalty and lowered the price target, which could potentially impact the stock's performance.
The news directly pertains to Labrador Iron Ore Royalty (LIFZF). The maintained 'Sector Perform' rating indicates that the analyst believes the company will perform approximately in line with other companies in the sector. However, the lowered price target could indicate a slightly less optimistic outlook, which may impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100