ScotiaMcleod target increaseBased on the nickel update, ScotiaMcleod has re-iterated their ranking of FM as "1-SO-Sector Outperform" and upped their 12-month target to $43 (from $40). Their calcs say FM is currently priced at 0.55 of NAV vs peer pricing average of 0.59 of NAV, and they encouraged accumulation.
eebler