The Globe and Mail reports in its Friday, April 5, edition that Raymond James analyst David Quezada cut his Carbon Streaming share target to $1, matching the consensus, from $3 with a "market perform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Quezada says in a note, "While Carbon Streaming continues to trade at a material discount to NAV, we believe ongoing uncertainty surrounding the timing of credit issuance from the flagship Rimba Raya project and generally slower than expected revenue ramp up represent key concerns, prompting our neutral stance." The Globe reported on May 17 that BMO Capital Markets analyst Rachel Walsh had lowered her recommendation for Carbon Streaming to "market perform" from "outperform." Carbon Streaming shares could then be had for $1.99. The Globe reported on Aug. 18 that Mr. Quezada had downgraded Carbon Streaming to "market perform" from "outperform." The shares could then be had for $1.20.
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