RBC Lowers Metro Price Target to C$110.00
Royal Bank of Canada has lowered its price target for Metro (TSE:MRU) to C$110.00 in a research report issued on Thursday, BayStreet.CA reports.
The brokerage currently maintains a 'sector perform' rating on the stock and suggests a potential upside of 22.78% from the current price of C$89.59.
This is not the only change to Metro's target price in recent days. TD Securities has increased its target to C$108.00 and given the company a 'buy' rating, while Scotia has lowered its target to C$96.00 with a 'sector perform' rating.