BMO Reaction BMO’s Mike Murphy cut his Parex Resources Inc. target to $30 from $32 with an “outperform” rating. The average is $30.57.
“While the recent escalation of civil unrest in Colombia has created a level of operational uncertainty, shut-ins due to blockades have already started being restored. Assuming a near-term resolution in the country, we expect a relatively minor impact to full year production,” said Mr. Murphy.