Carbon Streaming downgraded to Outperform from Strong Buy at Raymond James

Raymond James analyst David Quezada downgraded Carbon Streaming to Outperform from Strong Buy with an C$8.25 price target. While some positive progress has been made in validation of a portion of the carbon credits from the company’s Rimba Raya project in Indonesia, Raymond James continues to see uncertainty surrounding the timing of these credits, the analyst tells investors in a research note.