Scotiabank lowered the firm’s price target on Baytex Energy (BTE) to C$3.50 from C$5.50 and keeps a Sector Perform 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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Read More on BTE:
- Baytex Energy price target lowered to C$4.25 from C$5 at CIBC
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- Baytex Energy (BTE) Declares Q2 Dividend: Important Details for Shareholders
- Baytex Energy Reports Strong 2024 Financial Results
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