© Reuters.
Investing.com — Canada’s main stock index, the S&P/TSX Composite tracked Wall Street’s main indices higher on Friday.
Sentiment was firmly risk-on as the S&P 500 traded at a new high above the 5,000 mark, and as revised US data showed that CPI rose less than had been initially estimated in December – 0.2% instead of 0.3%
Toronto Stock Market News
JPMorgan (NYSE:) cut its target price on BCE (TSX:) to $54 from $58.
BTIG cut its target price on Lightspeed Commerce (TSX:) Inc to $21 from $24
Moffett Nathanson maintained its buy rating on Shopify (TSX:) and reiterated their price target of $82.
Magna International (TSX:) fell to the bottom of the after its forecast for 2024 profit came in below estimates. Magna, which keeps its books in US dollars, reported a profit of US$271 million or 94 cents US per diluted share, up from US$95 million or 33 cents US per diluted share a year earlier. Revenue for the…
