RBC Capital Maintains Outperform on Canfor, Lowers Price Target to C$22
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Quinn has maintained an Outperform rating on Canfor, but has reduced the price target from C$27 to C$22.
December 19, 2023 | 3:29 pm
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Canfor's price target has been lowered from C$27 to C$22 by RBC Capital, although the Outperform rating is maintained.
The reduction in price target by RBC Capital suggests a downward revision in the expected future price of Canfor's stock, which could lead to a negative short term impact on the stock price. However, the maintenance of an Outperform rating indicates the analyst's belief in the company's strong performance potential, which might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100