BMO Capital Maintains Outperform on Crescent Point Energy, Lowers Price Target to C$12
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Randy Ollenberger has maintained an Outperform rating on Crescent Point Energy, while reducing the price target from C$13 to C$12.
December 22, 2023 | 1:34 pm
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NEUTRAL IMPACT
BMO Capital has maintained an Outperform rating on Crescent Point Energy but lowered the price target from C$13 to C$12, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that BMO Capital still sees Crescent Point Energy as a strong investment. However, the reduction in the price target could imply a tempered expectation for the stock's growth potential in the short term. This news is likely to be viewed neutrally by investors as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100