RBC Capital Maintains Sector Perform on Altus Group, Lowers Price Target to C$52
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has maintained a 'Sector Perform' rating on Altus Group, but has reduced the price target from C$55 to C$52.
November 10, 2023 | 5:33 pm
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Altus Group's price target has been lowered from C$55 to C$52 by RBC Capital, although the 'Sector Perform' rating is maintained.
A reduction in price target typically reflects a more conservative outlook on the stock's future performance and can lead to a negative short-term impact on the stock price. However, since the rating was not downgraded, the impact may be somewhat mitigated.
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IMPORTANCE 75
RELEVANCE 100