As previously reported, CIBC downgraded Mullen Group (MLLGF) to Neutral from Outperformer with a price target of C$15, down from C$16.50. The firm, which lowered earnings expectations to reflect the challenging macro environment across Mullen’s segments, notes that its 2025 and 2026 EBITDA estimates have been lowered by 6% and 3%, respectively.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLLGF: