Montauk Renewables price target lowered to $8 from $9 at Scotiabank

Scotiabank lowered the firm’s price target on Montauk Renewables to $8 from $9 and keeps an Outperform rating on the shares. The target change reflects the firm’s newly published commodity price deck, in which it raised its near- and long-term oil price outlook, as well as valuations across multiple metrics, the analyst tells investors.