GREY:SXRZF - Post by User
Post by
beavertonon May 28, 2009 2:37pm
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Post# 16024255
Royal Bank Target Price downgraded to $ 2.00
Royal Bank Target Price downgraded to $ 2.00Adam Schatzker, an analyst at Royal Bank of Canada, took a different approach to the stock. He downgraded his recommendation to “sector perform” from “outperform” and cut his target price to $2 from $4.50 previously. He also changed his risk rating to “speculative.”
“We believe that we are in no position to judge the outcome of these events and how it will ultimately affect Uranium One,” he said in a note. “However, we believe that the investment risks for Uranium One have increased significantly.”