National Bank Financial Inc Maintains Outperform on Birchcliff Energy, Lowers Price Target to $9.25
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Dan Payne has maintained an 'Outperform' rating on Birchcliff Energy (OTC:BIREF) but lowered the price target from C$10 to C$9.25.
June 29, 2023 | 5:00 pm
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Birchcliff Energy's price target has been lowered from C$10 to C$9.25 by National Bank Financial, though the 'Outperform' rating is maintained.
The lowering of the price target by National Bank Financial indicates a potential decrease in the short-term value of Birchcliff Energy's stock. However, the maintenance of the 'Outperform' rating suggests that the bank still sees the company as a strong performer in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100