Stifel Upgrades Franco-Nevada to Buy, Lowers Price Target to C$215
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Ingrid Rico has upgraded Franco-Nevada from Hold to Buy, but lowered the price target from C$222 to C$215.
August 18, 2023 | 10:03 am
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POSITIVE IMPACT
Franco-Nevada has been upgraded to Buy by Stifel, but the price target has been lowered from C$222 to C$215.
The upgrade to Buy indicates a positive outlook for Franco-Nevada's stock. However, the lowering of the price target may temper this positive impact slightly. Overall, the news is likely to have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100