Thu Sep 19 05:45:53 UTC 2024: ## Canaccord Genuity Upgrades First Capital Realty to “Strong-Buy”
**Toronto, Canada – September 19, 2024** – Canaccord Genuity Group has upgraded First Capital Realty (TSE:FCR) to a “strong-buy” rating, according to a report released on Monday. The move comes after the company’s recent earnings report, which saw the firm miss analyst expectations.
Despite the earnings miss, Canaccord Genuity remains optimistic about First Capital Realty’s future prospects. The company’s stock has traded between C$18.60 and C$22.79 in the past year, with a 50-day moving average of C$20.86.
First Capital Realty reported earnings of C$0.08 per share for the quarter ending July 30th, falling short of the C$0.31 consensus estimate. The company generated revenue of C$183.97 million during the quarter.
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