Raymond James analyst Brad Sturges downgraded Parkit Enterprise to Market Perform from Outperform with a price target of C$0.65, down from C$0.75. The firm is more cautious on Parkit’s near-term share price recovery outlook due to the potential for limited fund flow into micro-cap real estate stocks and normalizing Canadian industrial real estate fundamentals.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue