Franco-Nevada price target raised to $165 from $155 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Franco-Nevada (FNV) to $165 from $155 and keeps a Buy rating on the shares following the Q4 results. The firm highlights the significant improvement in earnings, saying the last period included a $1.2B impairment loss from Cobre Panama shutting down.