BMO Capital Maintains Market Perform on Mullen Group, Raises Price Target to C$16
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst John Gibson maintains a Market Perform rating on Mullen Group (TSX:MTL) and raises the price target from C$15.5 to C$16.
July 21, 2023 | 11:44 am
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NEUTRAL IMPACT
BMO Capital maintains a Market Perform rating on Mullen Group and raises the price target from C$15.5 to C$16.
The news is directly about Mullen Group. BMO Capital's decision to maintain a Market Perform rating indicates a neutral outlook for the company. However, the increase in price target from C$15.5 to C$16 suggests a slightly positive sentiment towards the company's stock. This could potentially lead to a slight increase in the stock price, but the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100