Scotiabank Maintains Sector Perform on Canadian Natural Res
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Jason Bouvier maintains a Sector Perform rating on Canadian Natural Resources (NYSE:CNQ) and adjusts the price target to C$57 to reflect a 2-for-1 share split.
June 11, 2024 | 2:39 pm
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Scotiabank has maintained its Sector Perform rating on Canadian Natural Resources and adjusted the price target to C$57 to account for a 2-for-1 share split.
The maintenance of the Sector Perform rating suggests a neutral outlook, while the adjustment of the price target to reflect the share split is a technical adjustment. This is unlikely to have a significant short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100