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Scotiabank raised the firm’s price target on Franco-Nevada (FNV) to $165 from $150 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on stocks in the Gold & Precious Minerals sector, the analyst tells investors. The firm is expecting flat margins quarter-over-quarter given Q1 is a weaker operating quarter for most companies, with stronger operating performance in the second half of the year. Commentary on potential tariff impact will be a focus for most companies as they review their supply chain/purchases and overall impact to costs, the firm adds.
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