Spartan Delta Corp T.SDE

BMO

[retiredcf]

This doesn't read right so not sure if the rating was lowered or raised. Given the target adjustment, one would assume the former.  GLTA

Spartan Delta Corp : BMO cuts target price to C$5.50 from C$6.25 and raises rating to market perform from outperform

[retiredcf]

My assumption was correct. GLTA BMO cut its target price to C$5.50 from C$6.25 and downgraded its rating to to “market perform” from “outperform.” BMO’s Mr. Murphy said, “We view the company’s recent asset sale and exploration spinout as maximizing value for pre-distribution shareholders. However, we view the cash flow outlook of the new Spartan Delta as significantly impacted by our revised

[ValueCat]

across the board group cuts based on their NG outlook