Analysts lowered their price targets on AGF Management Ltd. (AGF-B.TO) on Thursday.
The Toronto-based investment management company reported Q3 results on Wednesday.
AGF shares declined CA$1.79, or 9.7%, to CA$16.74 on the Toronto Stock Exchange.
RBC Capital Markets analyst Bart Dziarski reduced his price target on the stock to CA$20 from CA$23, and maintained a sector perform rating.
TD Securities analyst Graham Ryding lowered his target to CA$20 from CA$23, and maintained a buy rating,
Desjardins analyst Gary Ho reduced his target to CA$21 from CA$23, and maintained a buy rating.