RBC Capital Downgrades Aclara Resources to Sector Perform, Lowers Price Target to $0.6
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Andrew Wong has downgraded Aclara Resources (OTC:ARAAF) from Outperform to Sector Perform and lowered the price target from C$1.1 to C$0.6.
July 05, 2023 | 10:11 am
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NEGATIVE IMPACT
Aclara Resources has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from C$1.1 to C$0.6.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Aclara Resources. The lowered price target from C$1.1 to C$0.6 also suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100