Wells Fargo Maintains Equal-Weight on Canadian Natural Res, Lowers Price Target to C$47
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Canadian Natural Resources (TSX:CNQ) but lowers the price target from C$52 to C$47.
September 27, 2024 | 3:38 pm
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Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Canadian Natural Resources but lowers the price target from C$52 to C$47, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a more cautious outlook on Canadian Natural Resources, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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