Trilogy Metals downgraded to Hold from Buy at TD Securities

TD Securities downgraded Trilogy Metals to Hold from Buy with a C$0.75 price target. The firm revised its rating as the return to target has narrowed significantly with the rise in shares following the U.S. presidential debate on June 27. The firm believes this reaction supports the view that the ultimate path forward for the Ambler Road could be tied to the U.S. election outcome, the analyst tells investors.