Raymond James downgraded Peyto Exploration (PEYUF) to Market Perform from Outperform with a C$21 price target Peyto posted a solid quarter and reiterated the outlook for 2025, but shares are up 18% over the last month, the analyst tells investors in a research note. Raymond James continues to like the story and believes Peyto remains well-situated, but would wait for a better entry point.
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