Element Fleet Management Price Target Lowered to CA$33 at CIBC

07:55 AM EDT, 10/13/2026 (MT Newswires) -- CIBC Capital Markets lowered its price target on Element Fleet Management (EFN.TO) to CA$33 from CA$41. Analyst Paul Holden maintained an outperform rating on shares of the Toronto-based company. "We have revised our estimates lower to take a more conservative view on originations and margins," Holden said in a note to clients. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)