Automotive Finco (CVE:AFCC) had its price target trimmed by Canaccord Genuity from C$3.00 to C$2.25 in a research note released on Thursday. The brokerage currently has a hold rating on the stock.

Shares of Automotive Finco (CVE AFCC) opened at C$2.20 on Thursday. Automotive Finco has a 52 week low of C$1.50 and a 52 week high of C$4.43.

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About Automotive Finco

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector.

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