RBC Capital Downgrades Chesswood Group to Underperform, Lowers Price Target to C$8
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Geoffrey Kwan has downgraded Chesswood Group (TSX:CHW) from Sector Perform to Underperform and lowered the price target from C$9 to C$8.
August 09, 2023 | 2:39 pm
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NEGATIVE IMPACT
Chesswood Group has been downgraded to Underperform by RBC Capital, with a lowered price target of C$8.
The downgrade from RBC Capital is likely to negatively impact Chesswood Group'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