Freehold Royalties price target lowered to C$15 from C$16 at Scotiabank

Scotiabank lowered the firm’s price target on Freehold Royalties (FRHLF) to C$15 from C$16 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.