National Bank Financial Inc Maintains Outperform on Richelieu Hardware, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Zachary Evershed has maintained an 'Outperform' rating on Richelieu Hardware (OTC:RHUHF) but lowered the price target from C$49 to C$48.
July 07, 2023 | 4:33 pm
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NEUTRAL IMPACT
Richelieu Hardware's price target has been lowered from C$49 to C$48 by National Bank Financial, though the 'Outperform' rating is maintained.
The news directly pertains to Richelieu Hardware (RHUHF). The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintenance of the 'Outperform' rating suggests that the analyst still expects the stock to do well. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100