Top Analyst Ratings for May 27th, 2024
Bombardier: CIBC raised the target price from C$91 to C$102.
Reasoning: The company is reducing risk on its balance sheet through the issuance of new senior notes.
Celestica Inc: CIBC increased the target price from $49 to $58.
Reasoning: The company is benefiting from continued GenAI data spending by hyperscalers.
First Quantum Minerals Ltd: JPMorgan lowered the target price from C$18 to C$17. Anticipating higher costs due to the Zambian power shortage.
Hudbay Minerals Inc: CIBC decreased the target price from C$15.5 to C$14.5.
Reasoning: Following the company’s recent $402 million bought-deal financing.
Google Inc: Tigress Financial Partners reiterated its optimistic outlook on Google by maintaining a “Buy” rating on the stock. They set a target price of USD 210, indicating their belief that Google’s current stock price is lower than its perceived value and has the potential to increase to USD 210 per share
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