November 8, 2017 / 4:26 PM / 9 months ago

BUZZ-Linamar Corp: Down on weak results

**Canadian auto parts maker shares down 13.2 pct at $66.9 - Its lowest in two months as it misses third quarter expectations

** Posts Net earnings per share of C$1.62 missing street view of C$1.83 even with sales rising 6.5 pct

** Earnings hurt by a stronger Canadian dollar and increased sales and management cost

** TD securities cuts price target to C$82 to C$84

** 4 of 9 brokerages rate the stock “buy” or higher, 4 “hold” and 1 “sell”; their median PT is $81

** Up to Tuesday’s close, stock had risen 33 pct YTD (Reporting by Akshara P)

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