Charlie Sharp, an analyst from Canaccord Genuity, maintained the Buy rating on Arrow Exploration Corp (AXL – Research Report). The associated price target was lowered to p44.00.
Charlie Sharp has given his Buy rating due to a combination of factors including the potential for production growth at Arrow Exploration Corp. The upcoming drilling activities are expected to significantly enhance the company’s production capabilities.
Furthermore, despite a slight reduction in the target price from 50p to 44p, the overall outlook for Arrow Exploration remains positive. The company’s strategic initiatives and operational updates suggest a promising trajectory for future growth, justifying the Buy recommendation.
According to TipRanks, Sharp is a 5-star analyst with an average return of 26.5% and a 53.67% success rate.