Canaccord YRI Target $10.50 Buy Recommendation June 8Canacord have updated their Yamana research with a new $10.50 target today. I saw this on a list of updated Canadian stock price targets and have not seen the report. Question is why Canaccord thinks $10.50 is an appropriate target. This is well above the approx $8.80 value that would have applied if the GFL shares had not dropped over 20% on the day the offer was made public. It seems to me Canaccord does not think the deal will go through (because if it did the $10.50 target is nonsense). Suggests there could be another offer coming?
Would appreciate if anyone who has access to this new Canaccord report could post a summary and the reasons behind the $10.50 target.