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.
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Published first on TheFly
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Read More on OFSTF:
- Carbon Streaming downgraded to Hold from Speculative Buy at TD Securities
- Carbon Streaming price target lowered to C$3.75 from C$4.25 at BMO Capital
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