BUZZ-Aimia Inc: At least 5 brokerages cut PT

Mon Nov 16, 2015 12:44pm EST
 
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** Marketing and loyalty services provider's shares down 5.4 pct at C$9.13 after falling 7.5 pct to a more-than-five-low of C$8.93

** At least 5 brokerages cut PT by as much as C$3 to as low as C$11 after company lowered forecasts last week

** "...caution remains the operative word, with more visibility needed regarding an improvement in trends," National Bank Financial analysts write

** "In the absence of the launch of a potential U.S. coalition loyalty program, we are struggling to identify near-term catalysts for the stock," RBC Capital Markets analysts write

** 3 of 11 brokerages rate the stock "buy", 7 "hold" and 1 "sell"; median PT is C$11

** Up to Friday's close, stock had fallen nearly 37 pct this year