Stingray Digital Group Inc (RAY.A) Rating Lowered to Hold at TD Securities

Stingray Digital Group Inc (TSE:RAY.A) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Friday. They presently have a C$10.00 price objective on the stock, up from their prior price objective of C$9.50.

Separately, Desjardins decreased their target price on Stingray Digital Group from C$9.70 to C$9.00 and set a “buy” rating on the stock in a research note on Friday, June 9th.

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Stingray Digital Group Company Profile

Stingray Digital Group Inc is a business-to-business (B2B) music products, services and content provider. The Company broadcasts music and video content on various platforms, including digital television, satellite television, Internet Protocol television (IPTV), the Internet, mobile devices and game consoles.

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