Scotiabank raised the firm’s price target on Birchcliff Energy (BIREF) to C$10 from C$9 and keeps an Outperform rating on the shares. The firm has refreshed its forecasts on stocks under its coverage in the North American Natural Gas sector, the analyst tells investors. Despite the recent tariff announcements, the firm remains enthusiastic on the sector’s outlook and believes the bull market is now here. The firm believes Birchcliff Energy is among the stocks in the sector that offer the highest torque to natural gas prices.
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