TD has a hold.....$34 STHRF: Strathcona Resources initiated with a Hold at TD Securities
TD Securities analyst Menno Hulshof initiated coverage of Strathcona Resources
with a Hold rating and C$34 price target. Strathcona is a "differentiated as a
diversified, high-growth story that checks the box on scale as the seventh
largest Canadian producer," the analyst tells investors in a research note.
The firm notes that the company carries marginally higher than average balance
sheet leverage.