09:03:20 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 112,776,918
Close 2017-01-04 C$ 4.63
Market Cap C$ 522,157,130
Recent Sedar Documents

Globe/wire say Canaccord concedes outlook conservative

2017-01-05 08:19 ET - In the News

The Globe and Mail reports in its Thursday, Jan. 5, edition that Wall Street strategists are playing catch-up to the rally in U.S. stocks after forecasting the smallest annual gain in more than a decade. A Bloomberg dispatch to The Globe reports that four days into the year, Stifel Nicolaus & Co. equity strategist Barry Bannister boosted his 2017 estimate for the S&P 500 index to 2,400 from 2,300, two weeks after Citigroup analyst Tobias Levkovich raised his projection by 100 points to 2,425. With the advance since Donald Trump's election showing few signs of abating, Tony Dwyer of Canaccord Genuity admits that his 2,340 call may prove to be conservative. Market strategists are turning more optimistic after starting 2017 with the dourest 12-month forecast for any year in more than a decade. In a mid-December survey, the average S&P 500 forecast stood at 2,356, a 5.2-per-cent increase that is the least bullish since 2005.

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