RBC Dominion Securities lowers targets on three Canadian stocks, keeps Outperform ratings
RBC Dominion Securities kept Outperform ratings on Brookfield Business, Definity Financial and Element Fleet while trimming their price targets.
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what happened
Analysts at RBC Dominion Securities kept their Outperform rating on Brookfield Business Corp., but lowered the price target to $34.00 per share from $40.00.
The same brokerage left its Outperform rating on Definity Financial Corp. unchanged and reduced the target to C$87.00 per share from C$94.00.
For Element Fleet Management Corp., the Outperform rating was also retained, while the target was cut to C$33.00 per share from C$40.00.
why it matters
Lower price targets alongside unchanged ratings point to a more cautious view of valuations, while the recommendation itself stays the same. The changes cover financial services, insurance and vehicle leasing names, so investors following Canadian financials may want to watch how these adjustments shape sector valuations.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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