MFS California Municipal Fund (NYSEAMERICAN:CCA) had its price objective lifted by investment analysts at BMO Capital Markets from $95.00 to $100.00 in a research note issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “market perform” rating on the stock.
A number of other research firms have also commented on CCA. Royal Bank of Canada reissued a “hold” rating on shares of Rogers Communications in a report on Tuesday, April 9th. Desjardins reissued an “average” rating and issued a $90.00 target price on shares of MFS California Municipal Fund in a report on Friday, April 5th.
MFS California Municipal Fund stock opened at $11.86 on Friday. MFS California Municipal Fund has a 12 month low of $9.75 and a 12 month high of $12.10.
MFS California Municipal Fund is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in debt securities the interest on which in the opinion of issuer counsel is exempt from federal regular income tax and California personal income tax.
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