BMO Capital Maintains Market Perform on Baytex Energy, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained a Market Perform rating on Baytex Energy (NYSE:BTE) and lowered the price target from C$6 to C$5.5.

June 21, 2023 | 4:44 pm
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BMO Capital maintains Market Perform rating on Baytex Energy and lowers price target from C$6 to C$5.5.
BMO Capital's decision to maintain a Market Perform rating on Baytex Energy indicates that the stock is expected to perform in line with the market. However, the lowered price target from C$6 to C$5.5 suggests that BMO Capital has a less optimistic outlook on the stock's potential upside, which could negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100