Raymond James downgraded CES Energy Solutions (CESDF) to Outperform from Strong Buy with a price target of C$13.25, up from C$12.50. The firm cites valuation for the downgrade following the stock’s outperformance. The shares are no longer in “pound-the-table territory,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CESDF:
- CES Energy Solutions Reports Record Q3 2025 Results
- CES Energy Solutions price target raised to C$12 from C$11 at TD Securities
- CES Energy Solutions: Strong Q3 Performance and Growth Prospects Justify Buy Rating
- CES Energy Solutions Reports Record Q3 2025 Results and Declares Dividend
- Is CESDF a Buy, Before Earnings?