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Benzinga

Business

Akanksha Bakshi

What's Going On With AutoCanada Shares Today

TSX Canaccord National Bank Inflation

AutoCanada Inc. (TSX:ACQ) (OTC:AOCIF) was downgraded to Sector Perform from Outperform, and the price target was lowered to C$37 from C$52 by National Bank analyst Maxim Sytchev.
The analyst believes that AutoCanada's management continues to execute well, but the shares will have a challenge recapturing the prior highs amid higher inflation.
Recently, Canaccord analyst Luke Hannan has lowered AutoCanada's price target to C$55 from C$60 while maintaining the Buy rating on the shares.
Price Action: ACQ shares are trading higher by 4.39% at C$30.47 on TSX on the last check Friday.

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