RBC Capital analyst Matthew McKellar has adjusted his outlook on Cascades Inc. (CADNF, Financial), revising the stock's price target downward from C$13 to C$11. Despite this reduction, the analyst maintains a Sector Perform rating for the company's shares.
This adjustment comes as part of a regular review of the company’s performance and market conditions, reflecting potential shifts in Cascades’ strategic direction or broader market trends influencing its valuation.