Scotiabank raised its rating on Ero but lowered its price target from $55 to $53. Those signals point in different directions, so the report does not clearly change Ero's outlook.
The higher rating shows a more favorable view of Ero's shares, but the lower price target points the other way. The report gives no new information about Ero's operations, so it does not establish a clear change in the company's outlook.
Scotiabank updated its view of Ero, but the report describes no change to Scotiabank's own business. It does not change the outlook for Scotiabank.
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