Freshii (FRII) Stock Rating Lowered by CIBC
Freshii (TSE:FRII) was downgraded by equities research analysts at CIBC from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a C$2.75 price objective on the stock, down from their previous price objective of C$5.25. CIBC’s price target indicates a potential upside of 6.59% from the stock’s current price.
Several other equities analysts have also recently weighed in on FRII. Royal Bank of Canada lowered their price objective on shares of Freshii from C$7.00 to C$3.00 and set an “underperform” rating on the stock in a research report on Thursday. Canaccord Genuity lowered their price objective on shares of Freshii from C$10.00 to C$9.50 in a research report on Monday, August 13th.
TSE FRII opened at C$2.58 on Friday. Freshii has a twelve month low of C$1.95 and a twelve month high of C$8.00.
Freshii Inc develops, franchises, and operates quick-serve restaurants in Canada, the United States, and internationally. Its restaurants offer salads, bowls, burritos, wraps, soups, juices, smoothies, and frozen yogurt. As of December 31, 2017, the company operated 367 stores operated by franchise partners in 16 countries, as well as 3 company-owned stores located in Canada.
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