Stifel downgraded Guru Organic Energy (GUROF) to Hold from Buy with a price target of C$4.50, up from C$4. The stock has tripled over the past two months, boosted by strong Q3 results showing accelerating sales growth and, for the first time since 2021, positive adjusted EBITDA, though the firm does not expect these trends to be sustainable, adding that it sees the share’s price appreciation as potentially “overextended”, the analyst tells investors in a research note.
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Read More on GUROF:
- Guru Organic Energy price target raised to C$4 from C$2.50 at Stifel
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