Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Investing.com - RBC Capital has resumed coverage on Qoria Ltd (ASX:QOR) with an Outperform rating and a price target of AUD0.50, up from its previous target of AUD0.30.
The firm had been restricted from covering Qoria since February 28, 2024, when it last rated the stock as Sector Perform with a Speculative Risk rating.
RBC Capital analyst Wei-Weng Chen noted that Qoria has achieved multiple financial and operational milestones since the firm’s last published analysis.
These achievements have both de-risked RBC’s prior investment thesis and increased the firm’s confidence in Qoria’s growth outlook.
The updated rating maintains the Speculative Risk designation while upgrading from the previous Sector Perform recommendation to Outperform.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.