National Bankshares has reduced its price target for NFI Group (TSE:NFI) from C$28.00 to C$22.00, according to a research note released on Tuesday. Despite the lowered target, the firm maintains an outperform rating on the stock. Other analysts, including BMO Capital Markets, have also recently updated their views on NFI Group.
**Why this matters**
Price target adjustments can influence investor sentiment and trading activity. National Bankshares’ decision to lower the target suggests a more cautious outlook on NFI Group’s near-term performance, even as the stock remains favored relative to the market. Investors may want to consider these revised expectations when evaluating their positions.
Source: NewsData