RBC Capital downgraded Power Corporation (PWCDF) to Sector Perform from Outperform with a price target of C$58, up from C$57. The firm cites valuation for the downgrade following the stock’s recent re-rating.
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Read More on PWCDF:
- Jefferies downgrades Power Corporation to Hold, sees less room for upside
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- Power Corporation price target raised to C$56 from C$55 at National Bank