Jefferies downgraded Power Corporation (PWCDF) to Hold from Buy with a price target of C$60, up from C$57, after Power reported Q2 adjusted earnings that were ahead of the firm’s expectations. The discount to Power’s net asset value has narrowed, which leaves less room for upside, the analyst tells investors.
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Read More on PWCDF:
- Power Corporation downgraded to Hold from Buy at Jefferies
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