Analyst upgrades Lundin Gold, lowers Canadian National Railway, raises Cargojet earnings estimates

From The Globe and Mail: 2024-07-08 07:53:53

National Bank Financial analyst Don DeMarco upgraded Lundin Gold Inc. to “outperform” and raised the price target to C$27.75, citing expected peer-leading free cash flow yields, higher gold prices, and a strong operational outlook. Bernstein analyst David Vernon downgraded Canadian National Railway Co. to “market-perform” due to cost pressures and strike risks, setting a new price target of C$179. RBC analyst Walter Spracklin raised second-quarter earnings estimates for Cargojet Inc. after a new agreement, with a price target of C$189.



Read more at The Globe and Mail: Monday’s analyst upgrades and downgrades for July 8, 2024