BMO Capital Upgrades Baytex Energy to Outperform, Raises Price Target to C$7.5
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Mike Murphy has upgraded Baytex Energy (TSX:BTE) from Market Perform to Outperform and raised the price target from C$5.5 to C$7.5.
September 29, 2023 | 8:51 am
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POSITIVE IMPACT
Baytex Energy has been upgraded to Outperform by BMO Capital, with a raised price target from C$5.5 to C$7.5.
The upgrade from Market Perform to Outperform by BMO Capital indicates a positive outlook for Baytex Energy. The raised price target from C$5.5 to C$7.5 suggests that the analyst believes the stock has significant upside potential. This could lead to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100