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Benzinga
Benzinga
Business
Akanksha Bakshi

RBC Capital Downgrades AGF Management - Read Why

RBC Capital TSX
  • AGF Management Limited (TSX:AGF) (OTC:AGFMF) has been downgraded to Underperform from Sector Perform by RBC Capital analyst Geoffrey Kwan.
  • The analyst also lowered the price target to C$8 from C$8.50.
  • Kwan updated his 12-month objectives on his asset manager coverage universe to reflect expected decreases in AUM this month and slightly lower target multiples in light of recent sector valuation declines.
  • Price Action: AGF.B shares are trading lower by 5.98% at C$7.39 on TSX on Monday's last check.
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