National Bank Financial Inc Maintains Sector Perform on Imperial Oil, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Travis Wood has maintained a 'Sector Perform' rating on Imperial Oil (AMEX:IMO) and lowered the price target from C$88 to C$87.
June 29, 2023 | 5:13 pm
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NEGATIVE IMPACT
Imperial Oil's price target has been lowered from C$88 to C$87 by National Bank Financial Inc. The 'Sector Perform' rating is maintained.
The lowering of the price target by National Bank Financial Inc could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintenance of the 'Sector Perform' rating indicates that the company is expected to perform in line with the expectations of the sector, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100