Canaccord Genuity Group (TSE:CF) Stock Rating Lowered by Raymond James Financial

Raymond James Financial downgraded Canaccord Genuity Group (TSE:CF) from a "strong buy" to an "outperform" rating. Despite this downgrade, the stock maintains a consensus "buy" rating with an average target price of C$17.33. Shares of Canaccord Genuity Group fell 3.5% to C$13.87, trading below its 50-day moving average but above its 200-day moving average.