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AutoCanada Price Target Raised to C$26 at CIBC

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CIBC Capital Markets raised its price target on AutoCanada Inc. (ACQ.TO) to C$26 from C$22 on Thursday.

Analyst Ty Collin maintained a Neutral rating on shares of the automobile dealership group.

"We view the quarter positively and acknowledge progress in several key areas, though the company still has much work to do to recapture lost market share and bring performance back in line with industry benchmarks," the analyst said.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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