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Propel Holdings Upgraded to Strong Buy at Raymond James

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Propel Holdings Inc. (PRL.TO) was upgraded to strong buy from outperform at Raymond James on Thursday.

Analyst Stephen Boland raised his price target on shares of the financial-technology company to C$38.00 from C$31.00 following its Q2 results.

"Given the company's strong operating momentum and favourable outlook, we are upgrading Propel," Boland said in a note to clients.

(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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