CIBC Upgrades ONEX Co. (ONEX) to Outperform
ONEX Co. (TSE:ONEX) was upgraded by analysts at CIBC from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday. The brokerage presently has a C$100.00 price target on the stock, up from their previous price target of C$81.00. CIBC’s price objective points to a potential upside of 12.18% from the company’s previous close.
Separately, Scotiabank upped their target price on ONEX from C$84.00 to C$89.00 and gave the company a “sector perform” rating in a research report on Monday.
ONEX (TSE:ONEX) opened at 88.75 on Monday. The firm has a 50-day moving average of $84.99 and a 200 day moving average of $80.86. ONEX has a 52 week low of $74.33 and a 52 week high of $89.97. The stock’s market capitalization is $9.18 billion.
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