Canaccord downgraded ARC Resources (AETUF) to Hold from Buy with a price target of C$32, up from C$31, after the company agreed to be acquired by Shell.
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Read More on AETUF:
- ARC Resources downgraded to Market Perform from Outperform at BMO Capital
- Ollenberger Maintains Hold on ARC Resources Amid Shell Takeover, Raises Price Target to $32 on Limited Upside Potential
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- Midday Fly By: Verizon reports ‘beat and raise,’ Shell to acquire ARC
- ARC Resources: Buy Rating Reiterated as Shell Deal Crystallizes Value; $30 Price Target Maintained