Downer EDI – High Conviction Update

Our Algo Engine generated a buy signal in Downer EDI at $6.75.

With the stock now trading at $7.50 we recommend locking in gains, as the stock is now trading at our initial “sell” price target.

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We continue to like the long-term fundamentals for Downer and CIM and will revisit these names on the next retracement & algo buy signal.

Downer EDI


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