National Bank Financial Inc Maintains Outperform on Peyto Exploration & Dev, Lowers Price Target to $15.5
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Dan Payne has maintained an 'Outperform' rating on Peyto Exploration & Dev (OTC:PEYUF) but lowered the price target from C$16 to C$15.5.
June 29, 2023 | 5:19 pm
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NEUTRAL IMPACT
The 'Outperform' rating maintained by National Bank Financial Inc suggests confidence in Peyto Exploration & Dev's future performance, despite a lowered price target.
The 'Outperform' rating indicates that the analyst expects the company to do better than market expectations. However, the lowering of the price target might suggest a slight caution about the company's short-term prospects. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100