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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IMO: