Vicwest Downgraded to Market Perform at Cormark (VIC)
Vicwest (TSE:VIC) was downgraded by Cormark from a “buy” rating to a “market perform” rating in a research note issued on Tuesday, StockRatingsNetwork.com reports.
VIC has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “sector outperform” rating on shares of Vicwest in a research note to investors on Friday, November 8th. They now have a C$15.00 price target on the stock. Separately, analysts at TD Securities downgraded shares of Vicwest from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 8th. They now have a C$14.00 price target on the stock. Finally, analysts at Scotiabank raised their price target on shares of Vicwest from C$14.00 to C$15.50 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$14.60.
Vicwest Inc, formerly Vicwest Income Fund, is manufacturer and distributor of building construction products, and steel containment products for agricultural grain, fertilizer and liquid storage through two divisions: Vicwest Building Products (TSE:VIC) and Westeel Storage Solutions (Westeel).
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