Strathcona Resources price target raised to C$36 from C$26 at Jefferies

Jefferies analyst Roger Agarwal raised the firm’s price target on Strathcona Resources (STHRF) to C$36 from C$26 and keeps a Hold rating on the shares following a “modest” Q4 beat and reiteration of guidance. Shares, which have rallied in March and are now up about 40% year-to-date, look fairly valued, the analyst tells investors.