RBC Capital Downgrades Pipestone Energy to Sector Perform, Lowers Price Target to C$2.75
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Luke Davis has downgraded Pipestone Energy from Outperform to Sector Perform and lowered the price target from C$3.5 to C$2.75.
August 04, 2023 | 11:33 am
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NEGATIVE IMPACT
Pipestone Energy has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from C$3.5 to C$2.75.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Pipestone Energy. The lowered price target from C$3.5 to C$2.75 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100