Nuvista Energy downgraded to Hold on valuation at TD Securities

TD Securities downgraded Nuvista Energy (NUVSF) to Hold from Buy with a price target of C$17, down from C$18. Energy equities have been resilient through broader commodity weakness, which has driven valuations higher, the analyst tells investors in a research note. The firm says Nuvista’s current share price largely captures the full value of its assets in the current commodity price environment.