TD Securities Downgrades Enerplus to Tender, Lowers Price Target to $18.85
Portfolio Pulse from Benzinga Newsdesk
TD Securities analyst Aaron Bilkoski downgraded Enerplus (NYSE:ERF) from Buy to Tender and reduced the price target from $21 to $18.85, indicating a more cautious outlook on the stock.
February 22, 2024 | 2:29 pm
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Enerplus was downgraded by TD Securities from Buy to Tender, with a price target reduction from $21 to $18.85.
The downgrade from Buy to Tender by a significant analyst like TD Securities, coupled with a reduction in price target, suggests a less optimistic view on Enerplus's future stock performance. This could lead to short-term negative sentiment among investors, potentially impacting the stock's price negatively.
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