- EverGen Infrastructure Corp (TSXV:EVGN) (OTC:EVGIF) price target has been lowered to C$6 from C$7 by RBC Capital analyst Nelson Ng. The price target supports an Outperform, Speculative Risk rating.
- The analyst continues to see upside once management executes on its RNG development plans.
- He adds that the project delays in both near-term projects, due to factors outside the control of management, reduce the near-term visibility of the company.
- The analyst reduced the price target to reflect the added uncertainty around the timing and cost of the near-term RNG developments.
- Price Action: EVGN shares are trading lower by 1.89% at C$3.63 on TSX on the last check Monday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
RBC Capital Cuts EverGen Infrastructure Price Target By 14%
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks