Reuters reported North American Palladium’s (TSX:PDL,NYSE:PAL) cuts target to C$2.40.

As quoted in the market news:

North American Palladium Ltd. : CIBC cuts price target to C$2.40 from C$2.50, says the expected delay in the ramp-up of the vertical shaft of the Lac des Iles mine opens up potential funding needs.

Click here to read the full Reuters report.