LNR - Scotiabank increases Target from C$85.00 to C$90.00 Linamar (TSE:LNR) had its price objective increased by stock analysts at Scotiabank from C$85.00 to C$90.00 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 38.42% from the stock’s previous close.
A number of other research firms also recently commented on LNR. TD Securities dropped their price objective on Linamar from C$84.00 to C$82.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Royal Bank of Canada upped their price objective on Linamar from C$79.00 to C$80.00 and gave the company a “sector perform” rating in a report on Wednesday, November 8th. BMO Capital Markets upped their price objective on Linamar from C$70.00 to C$80.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Finally, CIBC upped their price objective on Linamar from C$69.00 to C$81.00 in a report on Thursday, September 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$82.60.