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Imperial Oil downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Michael Barth downgraded Imperial Oil (IMO) to Market Perform from Outperform with a price target of C$107, up from C$105. With the Investor Day in the rearview mirror, it is challenging to see any near-term catalysts to drive continued outperformance, the analyst tells investors in a research note.

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