RBC Capital Maintains Sector Perform on Stelco Holdings, Lowers Price Target to C$43
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst James McGarragle has maintained a 'Sector Perform' rating on Stelco Holdings (TSX:STLC) but lowered the price target from C$47 to C$43.
August 11, 2023 | 3:58 pm
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Stelco Holdings' price target has been lowered from C$47 to C$43 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the short-term value of Stelco Holdings' shares. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100