RBC Capital maintains Outperform on Stantec, lowers target to C$148
RBC Capital analyst Sabahat Khan maintained an Outperform rating on Stantec (TSX: STN) but lowered the price target to C$148 from C$155, adjusting the valuation outlook for the engineering firm.
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RBC Capital analyst Sabahat Khan has maintained an Outperform rating on Stantec (TSX: STN) while lowering the price target to C$148 from the previous C$155. The revision adjusts the valuation outlook for the engineering and design services company.
Rating and Price Target Details
The research note reaffirms the positive stance on Stantec's stock despite the reduction in the price objective. The new target of C$148 suggests a revised expectation for the company's share performance.
| Metric | Value |
|---|---|
| Rating | Outperform |
| Previous Price Target | C$155 |
| New Price Target | C$148 |
What specific factors drove the downward revision of the price target despite the maintained Outperform rating?
How might Stantec's recent project wins or backlog influence future earnings potential?
What are the expected market conditions for the engineering and design sector in the coming year?
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