Scotia Capital keeps ratings on six Canadian companies and revises price targets
Scotia Capital maintained ratings on six Canadian companies and changed price targets for Chorus Aviation, Terravest and Transat AT.
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what happened
Analysts at Scotia Capital updated their views on six Canadian companies at 15:09 GMT on October 15. The Sector Outperform rating was maintained for Bombardier Inc., Chorus Aviation Inc. and NFI Group Inc. Chorus Aviation's price target was raised to C$37.00 from C$33.50, while NFI Group's target was confirmed at C$28.50.
Russel Metals Inc. also kept a Sector Outperform rating, with a price target of C$113.00. Terravest Industries Inc. retains a Sector Perform rating, and its target was lifted to C$130.00 from C$129.00. For Transat AT Inc., the Sector Underperform rating was maintained, but the price target was cut to C$1.25 from C$1.65.
why it matters
Revisions like these show how Scotia Capital assesses the outlook for each company. Small target adjustments, such as the one for Terravest, usually signal steady analyst views, while the lower target for Transat AT points to a more cautious stance on the stock. Investors make their own buy or sell decisions.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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