BMO Capital Downgrades Spartan Delta to Market Perform, Lowers Price Target to C$5.5
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Mike Murphy has downgraded Spartan Delta from Outperform to Market Perform and lowered the price target from C$6.25 to C$5.5.
July 13, 2023 | 12:11 pm
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NEGATIVE IMPACT
Spartan Delta has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target of C$5.5.
The downgrade from BMO Capital is likely to negatively impact Spartan Delta's stock in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100