National Bank Financial Inc Downgrades Precision Drilling to Sector Perform, Announces C$135 Price Target
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Dan Payne has downgraded Precision Drilling from Outperform to Sector Perform and set a price target of C$135. Precision Drilling is listed on the Toronto Stock Exchange under the ticker TSX:PD and on the New York Stock Exchange under the ticker PDS.
November 21, 2023 | 10:17 am
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Precision Drilling was downgraded by National Bank Financial Inc from Outperform to Sector Perform with a price target of C$135.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The new price target, while indicative of expected value, is set in Canadian dollars and may not directly affect the US-listed stock's immediate performance.
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