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Fly News Breaks for September 9, 2016
FNV
Sep 9, 2016 | 06:02 EDT
Deutsche Bank analyst Jorge Beristain upgraded Franco-Nevada to Hold after raising his price target for the shares to $74 from $62. Royalty/streaming companies are sensitive to interest rates, and rates will remain "lower-for-longer globally," Beristain tells investors in a research note. He believes Franco-Nevada shares are fairly priced at current levels.
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