Canaccord downgraded Exro Technologies to Speculative Buy from Buy with a price target of C$1.20, down from C$2.25, following the announcement of its planned merger with SEA Electric. The analyst believes another C$30M of capital will need to be raised, adding a financing risk element.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EXROF: