Scotiabank last night downgraded Athabasca Oil (ATHOF) to Sector Perform from Outperform with an unchanged price target of C$6.50. The firm expects “weak” global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026. It cites a weak oil price outlook and Athabasca’s strong share price performance foe the downgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATHOF: