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.
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