Transcontinental Downgraded by CIBC to “Sector Perform” (TCL.A)
Transcontinental (TSE:TCL.A) was downgraded by CIBC from an “outperform” rating to a “sector perform” rating in a research note issued on Tuesday, American Banking and Market News reports. They currently have a C$16.50 target price on the stock, up from their previous target price of C$15.50.
A number of other firms have also recently commented on TCL.A. Analysts at National Bank Financial raised their price target on shares of Transcontinental from C$16.00 to C$17.50 in a research note to investors on Friday, October 18th. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Transcontinental in a research note to investors on Friday, September 13th. They now have a C$16.00 price target on the stock, up previously from C$14.00. Finally, analysts at Genuity Capital raised their price target on shares of Transcontinental from C$9.40 to C$11.90 in a research note to investors on Friday, September 13th. They now have a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$14.61.
Transcontinental Inc is a provider of Web solutions and marketing communications, and consumer magazine publisher.
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