HC Wainwright & Co. Maintains Buy on Franco-Nevada, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Franco-Nevada (NYSE:FNV) but lowers the price target from $185 to $175.

March 11, 2024 | 11:00 am
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Franco-Nevada's Buy rating is maintained by HC Wainwright & Co., though the price target is reduced from $185 to $175.
While the maintenance of a Buy rating indicates continued confidence in Franco-Nevada's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100