Scotiabank lowered the firm’s price target on MEG Energy (MEGEF) to C$30 from C$33 and keeps an Outperform 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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MEGEF:
- MEG Energy price target lowered to C$28 from C$32 at CIBC
- MEG Energy (MEGEF) Declares Q2 Dividend: Important Details for Shareholders
- MEG Energy Corp’s Record Year and Future Outlook
- MEG Energy Reports Record Production and Strategic Growth
- MEG Energy price target lowered to C$32 from C$33 at TD Securities