UPDATE: Raymond James Upgrades Stantec to Outperform Following Strong Q2


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Raymond James raised its rating on Stantec (NYSE: STN) from Market Perform to Outperform following an outstanding performance in the second quarter. Raymond James noted, "I[W]e have elected to upgrade our rating for several reasons. First, Stantec has proved over the last few quarters (indeed, over the last few years) that it is managing the prevailing economic challenges very well. …While the activity in this segment will likely slow down, the company is well-positioned to benefit from growth in other markets. This very effective diversification is key to understanding Stantec's long-term success. The other important part of the formula—and the second reason why we think investors should buy the stock—is execution."Stantec closed at $31.69 on Monday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorUpgradesPrice TargetPre-Market OutlookAnalyst RatingsRaymond James