National Bank Financial Inc Maintains Outperform on Canadian Natural Res, Lowers Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Tavis Wood has maintained an 'Outperform' rating on Canadian Natural Res (NYSE:CNQ) but lowered the price target from C$105 to C$93.
June 29, 2023 | 5:05 pm
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Canadian Natural Res's price target has been lowered from C$105 to C$93 by National Bank Financial Inc, though the 'Outperform' rating is maintained.
The lowering of the price target for Canadian Natural Res by National Bank Financial Inc could potentially lead to a decrease in the stock's price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still believes the stock will outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100