RBC Capital Upgrades MEG Energy to Outperform, Announces C$31 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Greg Pardy has upgraded MEG Energy from Sector Perform to Outperform and set a price target of C$31.
October 10, 2023 | 1:18 pm
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POSITIVE IMPACT
MEG Energy has been upgraded to Outperform by RBC Capital with a price target of C$31.
The upgrade from RBC Capital is a positive signal for MEG Energy. The new rating of 'Outperform' suggests that the analyst believes the company will do better than the market average. This, combined with the set price target of C$31, indicates an expected increase in the stock's value. Therefore, the short-term impact on the stock is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100