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Canaccord Genuity began coverage on shares of Callidus Capital (TSE:CBL) in a research note issued on Monday. The firm set a “buy” rating and a C$24.00 price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 24.03% from the stock’s previous close.

Callidus Capital (TSE:CBL) traded up 5.08% during mid-day trading on Monday, hitting $18.60. 15,763 shares of the company’s stock traded hands. Callidus Capital has a one year low of $15.46 and a one year high of $17.75. The stock has a 50-day moving average of $16.37 and a 200-day moving average of $16.37.

Separately, analysts at National Bank Financial initiated coverage on shares of Callidus Capital in a research note on Monday. They set an “outperform” rating and a C$22.00 price target on the stock.

Callidus Capital Corporation (TSE:CBL) specializes in providing financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions.

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