CIBC upgraded shares of Cervus Equipment (TSE:CERV) from a neutral rating to an outperform rating in a research note issued to investors on Monday. The firm currently has C$19.00 target price on the stock, up from their prior target price of C$17.50.
Separately, Raymond James increased their target price on Cervus Equipment from C$15.75 to C$16.00 and gave the stock a market perform rating in a research report on Monday, May 14th.
TSE CERV opened at C$14.45 on Monday. Cervus Equipment has a twelve month low of C$12.75 and a twelve month high of C$15.85.
Cervus Equipment Corporation primarily engages in the sale, after-sale service, and maintenance of agricultural, transportation, construction, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Commercial and Industrial. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles, as well as associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.
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