Canaccord Genuity Maintains Buy on SunOpta, Lowers Price Target to $8
Portfolio Pulse from jenniferd'souza@benzinga.com
Canaccord Genuity analyst Bobby Burleson has maintained a 'Buy' rating on SunOpta (NASDAQ:STKL) but lowered the price target from $14 to $8.
August 11, 2023 | 12:14 pm
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SunOpta's price target has been lowered from $14 to $8 by Canaccord Genuity, though the 'Buy' rating is maintained.
The lowering of the price target for SunOpta by Canaccord Genuity could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100