As previously reported, CIBC analyst Cosmos Chiu upgraded Triple Flag to Outperformer from Neutral with a price target of C$28, up from C$22.50, after the company’s Q1 sales of 26.6koz came in ahead of the firm’s expectation of 25.5koz. Year-to-date, Triple Flag shares have trailed the peer group and the firm expects shares to continue to catch up to peers given what it sees as "an attractive growth profile and improvement in trading liquidity, and now with an established track record since the IPO."
Published first on TheFly
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Read More on TFPM:
- Triple Flag upgraded to Outperformer from Neutral at CIBC
- Triple Flag price target raised to C$26 from C$22 at TD Securities
- Triple Flag target adjusted to $16 from C$21.50 at RBC Capital
- Triple Flag price target lowered to C$22 from C$23 at Raymond James
- Triple Flag price target lowered to C$22 from C$24 at TD Securities
