RBC Lowers Price Target on Stella-Jones to C$79.00

Royal Bank Of Canada (RBC) has reduced its price target for Stella-Jones Inc. to C$79.00 from C$82.00, citing a potential upside of 4.28% from the company's previous close.

This is not an isolated case; multiple brokerages have weighed in on Stella-Jones recently. Desjardins reduced its price target from C$104.00 to C$99.00 and set a 'buy' rating for the company, while National Bank Financial cut its price objective from C$95.00 to C$92.00 and assigned a 'sector perform' rating.

Raymond James Financial also reduced its price target from C$90.00 to C$83.00, assigning an 'outperform' rating to the stock.