Scotiabank analyst Kevin Fisk lowered the firm’s price target on Africa Oil (AOIFF) to C$2.50 from C$2.75 and keeps an Outperform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AOIFF:
- Africa Oil Updates Share Capital and Announces AGM Date
- Africa Oil (AOIFF) Announces Q2 Dividend: Save the Dates!
- Africa Oil Completes Transformational Deal and Declares Dividend
- Africa Oil Corp’s Earnings Call: Strategic Gains Amid Financial Challenges
- Africa Oil Corp. Reports Progress in Share Buyback Program