TD Securities has reduced its price target for Coveo Solutions (TSE:CVO) from C$12.00 to C$9.50, according to a recent research note. Despite the lowered target, the brokerage maintains a “buy” rating on the stock.
The new price objective suggests a potential upside of approximately 55.7% from the stock’s previous trading levels.
**Why this matters**
Price target adjustments can influence investor sentiment and trading decisions. Maintaining a “buy” rating indicates that TD Securities still sees growth potential in Coveo Solutions, even with the revised valuation.
Source: NewsData