RE:Pipestone upgraded to Outperform at RBC Cap MarketsRBC has historically been quite conservative with their price targets for PIPE. This is a significant update from RBC.
Huntamun1234 wrote: Analyst Luke Davis raised his price target to $4.00 from $2.50. " In our view, the execution has continually improved as the company has deliniated its core development block," Davis said to his clients.
"We see the potential for near-term multiple expansion, which could be aided by the recent improvement in trading liquidity as the company's largest shareholder recently distributed its holdings".