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Fly News Breaks for March 23, 2017
FNV
Mar 23, 2017 | 07:41 EDT
Canaccord analyst Tony Lesiak continues to view Franco-Nevada as an excellent royalty stream investment vehicle and believes its premium valuation is justified. Lesiak noted the shares have underperformed despite its strong operating results, history of accretive acquisitions, and clean balance sheet. Lesiak reiterated his Buy rating and raised his price target to C$102 from C$100 on Franco-Nevada shares.
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