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EQB Inc. downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded EQB Inc. (EQGPF) to Market Perform from Outperform with a price target of C$93, down from C$108. The company’s fiscal Q3 report came in weaker than expected with surprising decline in net interest margin, the analyst tells investors in a research note. The firm says investor patience is needed with a new management team in place.

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