National Bank Financial Inc Downgrades Paramount Resources to Sector Perform, Announces C$40 Price Target
Portfolio Pulse from richadhand@benzinga.com
National Bank Financial Inc's analyst Dan Payne has downgraded Paramount Resources from Outperform to Sector Perform and set a price target of C$40.
June 29, 2023 | 8:30 am
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NEGATIVE IMPACT
Paramount Resources has been downgraded by National Bank Financial Inc from Outperform to Sector Perform with a price target of C$40.
The downgrade from Outperform to Sector Perform by a major financial institution like National Bank Financial Inc could negatively impact the stock price of Paramount Resources in the short term. The new price target of C$40 also provides a benchmark that investors will be watching closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100