TSX:CVE - Post Discussion
Post by
retiredcf on Dec 08, 2023 8:01am
JPM
Now only looking for a 60% appreciation in SP. GLTA
JP Morgan analyst John Royall made a pair of rating changes to Canadian energy stocks in his coverage universe on Friday.
He raised Imperial Oil Ltd. to “neutral” from “underweight” with a $97 target, rising from $95 and above the $86.44 average on the Street.
Conversely, Mr. Royall lowered MEG Energy Corp. to “neutral” from “overweight” with a $33 target, up from $31 and exceeding the $31.19 average.
He also made these target adjustments:
- Canadian Natural Resources Ltd. ( “neutral”) to $106 from $114. The average is $98.88.
- Cenovus Energy Inc. ( “overweight”) to $35 from $38. Average: $32.88.
- Suncor Energy Inc. ( “neutral”) to $52 from $59. Average: $54.21.
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