RBC Capital Downgrades Chesswood Group to Underperform, Lowers Price Target to C$8
Portfolio Pulse from richadhand@benzinga.com
RBC Capital's analyst Geoffrey Kwan has downgraded Chesswood Group from Sector Perform to Underperform and reduced the price target from C$9 to C$8.
August 10, 2023 | 1:50 pm
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Chesswood Group has been downgraded by RBC Capital from Sector Perform to Underperform, with a reduced price target from C$9 to C$8.
The downgrade from RBC Capital is a negative signal for Chesswood Group. The reduction in price target from C$9 to C$8 indicates that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100