Jefferies downgraded Gibson Energy (GBNXF) to Hold from Buy with an unchanged price target of C$26. The firm cites insufficient upside to the price target for the downgrade. The analyst continues to see moderate upside to the stock, but is on the sidelines until there is greater clarity around the timing and magnitude of the next wave of growth in Gibson’s core Infrastructure business.
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Read More on GBNXF:
- Gibson Energy Sets Date for 2024 Financial Results Release
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