RBC Capital Maintains Outperform on Westshore Terminals, Lowers Price Target to C$32
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Walter Spracklin has maintained an 'Outperform' rating on Westshore Terminals (TSX:WTE), but lowered the price target from C$35 to C$32.
August 08, 2023 | 2:44 pm
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NEUTRAL IMPACT
Westshore Terminals' price target has been lowered from C$35 to C$32 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100