RBC Capital Maintains Outperform on Toromont Industries, Lowers Price Target to C$131
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Sabahat Khan maintains an Outperform rating on Toromont Industries (TSX:TIH) but lowers the price target from C$133 to C$131.

July 31, 2023 | 2:05 pm
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RBC Capital maintains an Outperform rating on Toromont Industries but lowers the price target from C$133 to C$131.
The news is directly about Toromont Industries. The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target might indicate a slightly less optimistic outlook than before, which could have a neutral to slightly negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100