OTCPK:ARNBF - Post by User
Post by
Goldblackon Oct 11, 2012 9:15am
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Post# 20472113
CIBC Updated target is $1.45
CIBC Updated target is $1.45 Yesterday Oct 10th CIBC updated their report on Arcan Resources. Price target was reduced to $1.45 from 1.90 previously and reduced the stock to a Sector Performer from previously sector outperformer. CIBC says "while the Company may get a decent bid for its extensive land base,we feel the Risk/Reward is not compelling enough to maintain our sector outperform rating". Updated CIBC 'NAV for Arcan is $ 2.08 per share"
GLTA