RBC Capital Maintains Outperform Rating for FirstService: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has reaffirmed its Outperform rating on FirstService (NASDAQ:FSV) and increased its price target from $178.00 to $187.00. FirstService's current share price is $165.08, and the new price target suggests a potential upside of 13.28%. FirstService operates through FirstService Residential and FirstService Brands, with the majority of its revenue coming from the United States.
December 20, 2023 | 5:00 pm
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RBC Capital maintains its Outperform rating on FirstService and raises the price target to $187, suggesting a 13.28% upside from the current price.
The reaffirmation of the Outperform rating and the increase in price target by RBC Capital are strong positive signals for investors, indicating the bank's confidence in FirstService's growth potential. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100