Stifel Maintains Hold on Aecon Group, Raises Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ian Gillies has maintained a Hold rating on Aecon Group (OTC:AEGXF) and increased the price target from $13 to $16.5.

March 07, 2024 | 5:50 pm
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Stifel analyst Ian Gillies has maintained a Hold rating on Aecon Group but raised the price target from $13 to $16.5.
The increase in price target by Stifel suggests a positive outlook on Aecon Group's future performance, potentially leading to increased investor interest and a positive short-term impact on the stock price. However, the Hold rating indicates that the stock might already be valued appropriately, tempering expectations for a significant price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100