BMO Capital downgraded Birchcliff Energy (BIREF) to Market Perform from Outperform with a price target of C$7, down from C$8.50. The company remains unhedged and highly exposed to weakening gas prices, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIREF: