When analyzing trends that are associated with rating and/or price target changes from broker-dealers, we consider the size of the price target cuts to be the most significant metric.
The Nasdaq also has listing requirements and we would not be surprised if the Canadian LP had to conduct another reverse split in order to continue to trade on it.
Going forward, we will continue to monitor the trend and believe our readers needs to be aware of the change in perspective by leading Canadian broker-dealers.
All information that we provide is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.