Sterling Resources (CVE: SLG) had its price target decreased by CIBC from $1.50 to $0.85 in a research report sent to investors on Wednesday morning. The firm currently has a sector perform rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities downgraded shares of Sterling Resources from a speculative buy rating to a hold rating in a research note to investors on Friday, February 8th. They now have a $0.95 price target on the stock, down previously from $1.70. Analysts at Dundee Securities downgraded shares of Sterling Resources from a buy rating to a neutral rating in a research note to investors on Thursday, November 22nd. They now have a $1.85 price target on the stock, down previously from $2.10.
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