Scotiabank Maintains Sector Perform on Franco-Nevada, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tanya Jakusconek has maintained a 'Sector Perform' rating on Franco-Nevada (NYSE:FNV) but has reduced the price target from $159 to $141.
December 14, 2023 | 5:59 pm
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NEGATIVE IMPACT
Scotiabank has maintained a 'Sector Perform' rating on Franco-Nevada and lowered the price target from $159 to $141, indicating a potential downside compared to the previous target.
The reduction in price target by Scotiabank suggests that the bank sees less upside potential for Franco-Nevada's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100