Inside the Market’s roundup of some of today’s key analyst actions
) with a US$283 target. Average: US$256.69.
“We’ve dug into the P&L for Bud Light, and assuming current volume declines for Bud Light and the U.S. persist, we estimate that Bud Light’s EBITDA will fall by 37 per cent and North America’s by 22 per cent owing to operational gearing,” he said. “[Monday], CRE closed at $1.65 per share - which is the lowest price it has closed at since October 2022,” he said. “We believe the price weakness reflects the lack of news surrounding CRE’s strategic initiatives. Investors will recall that earlier this year, CRE management indicated that it would have a strategic partner for the Rose Lithium-Tantalum Project in place by the end of April 2023. To-date, there has been no announcement.
He reiterated his “buy” recommendation and $4 target for Critical Elements shares. The current average is $4.63.
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