Canaccord Genuity Maintains Buy on Doman Building Materials, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Yuri Lynk maintains a Buy rating on Doman Building Materials (CWXZF) and raises the price target from $9 to $10.
March 11, 2024 | 5:41 pm
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Canaccord Genuity maintains a Buy rating on Doman Building Materials and increases the price target from $9 to $10.
The upgrade in the price target by a reputable analyst firm like Canaccord Genuity typically signals a positive outlook on the stock, suggesting that the firm believes the stock has a higher potential value than previously estimated. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100