Investment bank Canaccord Genuity significantly adjusted its rating and target price for Sangoma Technologies Corp
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The institution downgraded the stock rating of Sangoma Technologies from “speculative buy” to “hold”, demonstrating a more cautious stance. At the same time, its target price was significantly reduced, dropping directly from 9 Canadian dollars to 4 Canadian dollars — a decrease of over 55%. This adjustment reflects analysts’ reassessment of the company’s near-term outlook or valuation.
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