BMO Capital Downgrades ARC Resources to Market Perform, Raises Price Target to C$20
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Randy Ollenberger has downgraded ARC Resources from Outperform to Market Perform, while raising the price target from C$19 to C$20.
July 13, 2023 | 12:09 pm
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ARC Resources has been downgraded to Market Perform by BMO Capital, but the price target has been raised to C$20.
The downgrade to Market Perform suggests that BMO Capital expects ARC Resources' stock to perform similarly to other stocks in the market. However, the raised price target indicates an expectation of some growth. This could lead to neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100