RBC Capital Upgrades Parex Resources to Outperform, Raises Price Target to C$33
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Luke Davis has upgraded Parex Resources from Sector Perform to Outperform and raised the price target from C$30 to C$33.
November 09, 2023 | 5:29 pm
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POSITIVE IMPACT
Parex Resources has been upgraded to Outperform by RBC Capital, with a raised price target from C$30 to C$33.
The upgrade from RBC Capital is a positive signal for Parex Resources. The raised price target indicates that the analyst sees potential for the stock's price to increase, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100