RBC Capital Maintains Outperform on Finning International, Lowers Price Target to C$50
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sabahat Khan has maintained an 'Outperform' rating on Finning International (TSX:FTT), but lowered the price target from C$52 to C$50.
November 08, 2023 | 6:44 pm
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Finning International's price target has been lowered by RBC Capital from C$52 to C$50, 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. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100