National Bank Financial Inc Maintains Sector Perform on MEG Energy, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Dan Payne has maintained a 'Sector Perform' rating on MEG Energy (OTC:MEGEF) but lowered the price target from C$29 to C$27.
June 29, 2023 | 5:14 pm
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MEG Energy's price target has been lowered by National Bank Financial from C$29 to C$27, although the 'Sector Perform' rating is maintained.
The lowering of the price target by National Bank Financial indicates a potential decrease in the short-term value of MEG Energy's stock. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100