BMO Capital Downgrades Birchcliff Energy to Market Perform, Raises Price Target to C$9
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Randy Ollenberger has downgraded Birchcliff Energy from Outperform to Market Perform, while raising the price target from C$8.75 to C$9.

July 13, 2023 | 12:10 pm
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NEUTRAL IMPACT
Birchcliff Energy has been downgraded to Market Perform by BMO Capital, but the price target has been raised to C$9.
The downgrade to Market Perform suggests that BMO Capital expects Birchcliff Energy's stock to perform in line with the market, rather than outperform it. However, the raised price target indicates an expectation of some upside potential. The net impact on the stock is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100