Franco-Nevada price target lowered to $155 from $200 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Franco-Nevada (FNV) to $155 from $200 and keeps a Buy rating on the shares after the company entered into a precious metals stream with specific production from Sibanye-Stillwater’s Marikana, Rustenburg and Kroondal mining operations located in South Africa.