BMO Capital Maintains Market Perform on Peyto Exploration & Dev, Raises Price Target to C$16
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Randy Ollenberger maintains a 'Market Perform' rating on Peyto Exploration & Dev (TSX:PEY) and raises the price target from C$13.5 to C$16.

October 18, 2023 | 12:40 pm
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NEUTRAL IMPACT
BMO Capital maintains a 'Market Perform' rating on Peyto Exploration & Dev and raises the price target from C$13.5 to C$16.
The news is directly about Peyto Exploration & Dev. The 'Market Perform' rating suggests that the stock is expected to perform in line with the market, neither outperforming nor underperforming. The increase in price target indicates a positive outlook from the analyst, which could potentially influence investor sentiment and the stock price. However, the impact is neutral in the short term as the rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100