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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLLGF: