Canadian Natural price target raised to C$53 from C$49 at TD Securities

TD Securities raised the firm’s price target on Canadian Natural (CNQ) to C$53 from C$49 and keeps a Buy rating on the shares. The firm updated its commodity price deck to capture Q3-to-date trends and introduced 2027 financial estimates. TD’s oil price assumptions are relatively unchanged, and it adjusted crack spreads higher while making negative revisions to natural gas. Energy equities have been resilient through broader commodity weakness, which has driven valuations higher, the analyst tells investors in a research note.