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Imperial Oil price target raised to C$110 from C$100 at Scotiabank

Scotiabank raised the firm’s price target on Imperial Oil (IMO) to C$110 from C$100 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on E&P stocks in its coverage, noting it expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026, the analyst tells investors.

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