North American Construction Group (NOA) shares were down over 5% in recent trading on Friday after Canaccord Genuity downgraded its rating to hold from buy.
The firm also reduced the price target to 24.50 Canadian dollars ($17.91) from C$33.
Trading volume stood at more than 121,500 shares against a daily average of 67,498.
Price: 15.79, Change: -0.92, Percent Change: -5.51
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