OR Royalties price target raised to $36 from $34 at Raymond James

Raymond James analyst Brian MacArthur raised the firm’s price target on OR Royalties (OR) to $36 from $34 and keeps an Outperform rating on the shares. OR Royalties offers investors a high-margin business with growth, a flexible balance sheet, as well as a portfolio of development and exploration companies with low jurisdictional risk, the analyst says.