Scotiabank analyst Kevin Fisk lowered the firm’s price target on Canadian Natural (CNQ) to C$50 from C$56 and keeps an Outperform 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 CNQ:
- Canadian Natural price target lowered to C$52 from C$59 at CIBC
- Raymond James upgrades Canadian Natural to Outperform after selloff
- Canadian Natural upgraded to Outperform from Market Perform at Raymond James
- Canadian Natural Resources Announces 2025 Shareholders Meeting
- Canadian Natural price target lowered to C$56 from C$58 at Morgan Stanley
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