TD Cowen Upgrades Franco-Nevada to Buy Amid Valuation Discrepancy

TD Cowen upgraded Franco-Nevada (FNV) from Hold to Buy with a $291 price target, citing significant valuation disconnect despite the company's strong balance sheet and deal-making potential. The stock rose 1.4% in response.

By Carl Surran, SA News Editor · Seeking Alpha · May 20, 2026, 18:25 UTC

TD Cowen Upgrades Franco-Nevada to Buy Amid Valuation Discrepancy

Tickers: $FNV

Topics: buy recommendation price target stock upgrade

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