ScotiabankSTHRF: Strathcona Resources price target raised to C$40 from C$32 at Scotiabank
Scotiabank raised the firm's price target on Strathcona Resources to C$40 from
C$32 and keeps an Outperform rating on the shares. The firm has revised its
commodity price forecast as well as its company estimates and target prices,
the analyst tells investors. Years of underinvestment and sustained capital
discipline have laid the groundwork for a structurally positive view of
Canadian commodity prices, the firm adds.