Raymond James cut shares of Kivalliq Energy (CVE:KIV) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, StockRatingsNetwork.com reports. The firm currently has C$0.50 price target on the stock, down from their previous price target of C$0.70.
Raymond James has also updated their ratings on a number of other stocks in the last week. The firm raised its price target on shares of Timberland Bancorp from $9.00 to $10.00. Also, Raymond James raised its price target on shares of First Business Financial Services from $32.00 to $36.00. Finally, Raymond James raised its price target on shares of Parke Bancorp from $9.00 to $10.00. They have an outperform rating on that stock.
Kivalliq Energy Corporation (CVE:KIV) is a uranium exploration company, with a focus on the exploration and development of uranium rich properties located on Inuit-owned lands in Nunavat Territory, Canada.
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