RBC Capital Downgrades Triple Flag Precious to Sector Perform, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Josh Wolfson has downgraded Triple Flag Precious (NYSE:TFPM) from Outperform to Sector Perform while raising the price target from $15 to $19.
May 29, 2024 | 11:27 am
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RBC Capital has downgraded Triple Flag Precious from Outperform to Sector Perform, but raised the price target from $15 to $19.
The downgrade from Outperform to Sector Perform suggests a less optimistic outlook for TFPM, which could negatively impact the stock price in the short term. However, the raised price target to $19 indicates some underlying positive factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100