BMO Capital Maintains Outperform on Enerplus, Raises Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Mike Murphy has maintained an 'Outperform' rating on Enerplus (NYSE:ERF) and raised the price target from $20 to $22.
August 10, 2023 | 1:02 pm
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POSITIVE IMPACT
BMO Capital has maintained an 'Outperform' rating on Enerplus and raised the price target from $20 to $22.
The 'Outperform' rating indicates that BMO Capital expects Enerplus to do better than the market average. The increase in the price target from $20 to $22 suggests that the analyst sees more upside potential in the stock. This is likely to have a positive impact on the stock in the short term as it may increase investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100