Canaccord Genuity Downgrades Stantec to Hold, Raises Price Target to C$92
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Yuri Lynk has downgraded Stantec (TSX:STN) from Buy to Hold and raised the price target from C$91 to C$92.
August 10, 2023 | 12:37 pm
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NEUTRAL IMPACT
Stantec has been downgraded from Buy to Hold by Canaccord Genuity, but the price target has been raised to C$92.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term. However, the increase in price target indicates a positive long-term outlook. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100