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Franco-Nevada price target raised to $169 from $165 at Scotiabank

Scotiabank raised the firm’s price target on Franco-Nevada (FNV) to $169 from $165 and keeps a Sector Perform rating on the shares. The firm updated its model on the stock following Q1 reporting. Focus for 2025 includes: de-risking of development assets, achieving 2025 guidance, and transacting on opportunities in precious metals, the analyst tells investors.

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