RBC Capital Reiterates Sector Perform on Melcor Developments, Maintains C$14 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Pammi Bir has reiterated a 'Sector Perform' rating on Melcor Developments (TSX:MRD) and maintained a price target of C$14.
August 14, 2023 | 2:37 pm
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RBC Capital's reiteration of a 'Sector Perform' rating and maintenance of a C$14 price target on Melcor Developments could influence investor sentiment.
The reiteration of the 'Sector Perform' rating and price target by RBC Capital indicates that the analyst believes Melcor Developments is fairly valued at its current price. This could maintain the status quo in terms of investor sentiment and stock price movement.
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