Gibson Energy downgraded to Hold from Buy at TD Securities

TD Securities downgraded Gibson Energy (GBNXF) to Hold from Buy with a price target of C$25, up from C$24. Gibson’s share price has outperformed and now approaches the firm’s raised price target notes the analyst, who believes the firm’s positive thesis on the name following the Q4 weakness “has played out.” Growth opportunities look “longer-dated in the context of current market conditions,” the analyst added.