Target RaisedDesjardins Securities’ Chris MacCulloch raised his Athabasca Oil Corp. target to $6 from $5.75 with a “buy” rating. The average is $6.33. “We are increasing our target for Athabasca ... reflecting positive revisions to our estimates following the release of constructive 2025 guidance,” he said. “Most notably, we were surprised by lower-than-expected thermal capital spending as the company begins laying the foundation for an expansion of Leismer production capacity to 40,000 bbl/d by 2027. Meanwhile, Duvernay Energy Corporation will remain self-funded, leaving 100 per cent of thermal FCF to be allocated toward share buybacks.”