Peyto Exploration price target raised to C$24 from C$22 at Scotiabank

Scotiabank raised the firm’s price target on Peyto Exploration (PEYUF) to C$24 from C$22 and keeps an Outperform rating on the shares. The firm has refreshed its forecasts for North American Natural Gas stocks under its coverage, the analyst tells investors. Despite the recent sell-off in natural gas strips, the U.S. ‘s shifting tariff schedule, and the economic uncertainty, the firm remains “enthusiastic” about the outlook for the sector and continues to believe the bull market is here.