Scotiabank lowered the firm’s price target on Imperial Oil (IMO) to C$100 from C$110 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.
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Read More on IMO:
- Raymond James upgrades Imperial Oil on attractive risk/reward
- Imperial Oil upgraded to Outperform from Market Perform at Raymond James
- Imperial Oil Announces 2025 Investor Day in Toronto
- Imperial Oil downgraded to Sell from Neutral at Goldman Sachs
- Imperial Oil price target lowered to C$92 from C$96 at Morgan Stanley
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