BMO Capital Maintains Outperform on Stelco Holdings, Lowers Price Target to C$55
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst David Gagliano has maintained an 'Outperform' rating on Stelco Holdings (TSX:STLC), but lowered the price target from C$60 to C$55.
August 11, 2023 | 12:59 pm
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NEUTRAL IMPACT
Stelco Holdings' price target has been lowered by BMO Capital from C$60 to C$55, though the 'Outperform' rating is maintained.
The news directly pertains to Stelco Holdings. While the 'Outperform' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or a more conservative outlook. However, the impact on the stock price is uncertain in the short term as the lowered target is still in the 'Outperform' range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100