National Bank Financial Inc Maintains Outperform on Tourmaline Oil, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Dan Payne has maintained an 'Outperform' rating on Tourmaline Oil (OTC:TRMLF) but lowered the price target from C$80 to C$75.
June 29, 2023 | 5:26 pm
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Tourmaline Oil's price target has been lowered from C$80 to C$75 by National Bank Financial, though the 'Outperform' rating is maintained.
The lowering of the price target could indicate a potential downside for the stock in the short term. However, the maintained 'Outperform' rating suggests that the analyst still sees potential for the stock to outperform the market, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100