RBC Capital analyst Greg Pardy downgraded Imperial Oil (IMO) to Underperform from Sector Perform with an unchanged price target of C$116. The firm says the stock’s valuation following the relative outperformance “appears to have disconnected” from the company’s fundamentals. RBC now sees higher expected relative returns elsewhere in the sector.
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Read More on IMO:
- Sell Rating Maintained on Valuation Stretch and Conservative Oil Assumptions Despite Higher Target Price
- Imperial Oil boosts first-quarter 2026 dividend payout
- Imperial Oil reports Q4 adjusted EPS C$1.97 vs. C$2.37 last year
- Imperial Oil increases quarterly dividend 20% to C$0.87 per share
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