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Investing.com - TD Securities downgraded Blackline Safety Corp (TSX:BLN) (OTC:BLKLF) from Buy to Hold and lowered its price target to C$8.00 from C$8.50.
The downgrade reflects TD Securities’ view that Blackline Safety shares are now fairly valued given expectations of continued growth deceleration extending into fiscal 2026.
The firm cited ongoing macroeconomic headwinds as a key factor limiting the company’s growth prospects in the near to medium term.
TD Securities also identified potential disruption from the launch of Blackline Safety’s next-generation platform as an additional challenge to the company’s growth trajectory.
The firm’s revised price target is based on a discounted cash flow analysis, with analysts pushing out the timeline for an expected rebound in growth for the safety technology provider.
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