RBC Capital Maintains Outperform on Calian Group, Lowers Price Target to C$70
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Maxim Matushansky maintains an 'Outperform' rating on Calian Group (TSX:CGY), but lowers the price target from C$75 to C$70.

August 14, 2023 | 2:24 pm
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NEUTRAL IMPACT
Calian Group's price target has been lowered from C$75 to C$70 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100