Transcontinental ( TSE:TCL.A – Get Rating ) was upgraded by investment analysts at CIBC from a 'neutral' rating to an 'outperform' rating in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a C$16.00 price objective on the stock. CIBC's target price indicates a potential upside of 19.05% from the company's current price. Other research analysts have also recently issued research reports about the company. Cormark boosted their price objective on Transcontinental to C$25.

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