Raymond James Downgrades Toromont Industries to Market Perform, Announces $135 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Hansen downgraded Toromont Industries (OTC:TMTNF) from Outperform to Market Perform and set a price target of $135.

April 11, 2024 | 5:04 pm
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NEUTRAL IMPACT
Toromont Industries was downgraded by Raymond James from Outperform to Market Perform with a new price target of $135.
The downgrade from Outperform to Market Perform by a reputable analyst firm like Raymond James could lead to a neutral short-term impact on TMTNF's stock price. The setting of a price target at $135 suggests a specific valuation expectation, but the downgrade indicates a shift in sentiment that might temper investor enthusiasm, balancing out potential price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100