2 New Downgrades Canaccord’s Yuri Lynk lowered his Doman Building Materials Group Ltd. target to $7.50 from $8 with a “hold” rating, while Raymond James’ Steve Hansen cut his target to $9.50 from $10.50 with an “outperform” rating. The average is $9.71.
“We are trimming our target price ... to account for emerging macro headwinds that, while still nascent, could present incremental risk to the outlook,” said Mr. Hansen. “That said, with demand still robust across most key end-markets and LBM prices expected to remain at elevated levels, we continue to foresee exceptional results throughout our forecast horizon.”