Franco-Nevada price target raised to $261 from $241 at BofA

BofA analyst Lawson Winder raised the firm’s price target on Franco-Nevada (FNV) to $261 from $241 and keeps a Neutral rating on the shares. The firm raise increased targets across the North American precious metals group. Many of the macro drivers that pushed gold prices higher “have intensified,” the analyst tells investors in a research note. BofA expects company capital returns in Q4 to be strong.