2 Price Downgrades BMO’s Thanos Moschopoulos dropped his Dye & Durham Ltd.
increas
target to $30 from $53 with an “outperform” rating, while Raymond James’ Stephen Boland cut his target to $60 from $77 with an “outperform” rating. The average is $51.75.
“We think the stock’s sharp selloff has been driven by a confluence of factors — but perhaps most notably, the uncertainty with respect to the regulatory reviews in the UK and Australia, and investor apprehension regarding weakness in transaction volumes,” he said. “We’ve reduced our target price as we expect these issues to continue weighing on the stock, but we believe the risk/reward remains compelling.”