Veresen Inc. T.VSN.DB.B

new price target - March 10

[blondeBond]

* Veresen Inc : TD Securities cuts price target to C$11 from C$17; rating buy

[Sukhi19]

* Veresen Inc : Raymond James raises target price to C$12 from C$11; market perform  * Veresen Inc : RBC cuts target price to C$16 from C$18; rating outperform * Veresen Inc : NBF raises target price to C$9.50 from C$9; rating sector perform  

[Beckysboss]

 My experience with analyst targets ( which I pay very little attention to) is that they follow stocks down and follow stocks up.  You will see this lately with anything energy related, they always seem to be behind the curve. Trans Canada is looking at buying a U.S based nat gas pipeline company that serves the Marcellus/Utica area ,  the share price today of that company is at 2X

[Sukhi19]

I agree . Their upgrades/downgrades of VSN are confusing.

[Beckysboss]

 Key to this target change was the LNG option,  TD took the odds of this happening (building the LNG plant) down to 25% from 50%).  This suggests they have removed it from the target price altogether.  In the past they suggested it could be worth as much as $8 in the stock price  I would note that the LNG market is weak today but that could change if oil moves back up