Canaccord and Desjardins cut StorageVault Canada price targets to C$5.25
Canaccord Genuity lowered its StorageVault Canada target to C$5.25 from C$5.75, while Desjardins cut its target from C$6.00 to C$5.25 and kept Buy.
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what happened
Dow Jones Newswires reported that analysts at Canaccord Genuity reduced their price target on StorageVault Canada Inc. to C$5.25 per share from C$5.75.
Analysts at Desjardins Securities also lowered their target on the company's shares, from C$6.00 to C$5.25 per share. They kept their Buy rating unchanged.
According to Dow Jones, the information comes from a summary of ratings actions published by Baystreet.
why it matters
Cuts to price targets from two brokers at the same time usually reflect a revision of expectations for the company. For investors, it signals that analysts have become more cautious on StorageVault, although Buy ratings remain in place.
tags
instruments
sources
- StorageVault Canada Inc. Price Target Cut to C$5.25/Share From C$5.75 by Canaccord Genuity — Dow Jones Newswires, 23 October 2026 at 15:05 UTC
- StorageVault Canada Inc. Price Target Cut to C$5.25/Share From C$6.00 by Desjardins Securities — Dow Jones Newswires, 23 October 2026 at 15:05 UTC
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