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McCoy (TSE:MCB) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a C$6.50 target price on the stock. Raymond James’ price objective indicates a potential upside of 8.51% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of McCoy from C$8.75 to C$7.75 in a research note on Tuesday. They now have a “buy” rating on the stock.

McCoy Corporation (TSE:MCB) provides specialized equipment, service and replacement components to the global oil and gas sector.

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