BMO Capital Markets on Friday reiterated its outperform rating on the shares of Mattr (MATR.TO) while cutting its price target to C$12.00 from C$15 following fourth-quarter results from the company.
"MATR's Q4/24 results were slightly above our expectations, although costs continue to weigh on operational performance. Tariff-related exposure remains a potential hurdle, although the company should see risks lowered as it continues to move more manufacturing capacity to the U.S. Post quarter, we reiterate our Outperform rating and adjust our target to $12 ($15 prior), as we believe patience continues to be required on its turnaround," analyst John Gibson wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 10.08, Change: +0.65, Percent Change: +6.89
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