Canaccord analyst Mike Mueller downgraded Tourmaline Oil (TRMLF) to Hold from Buy with an unchanged price target of C$70. The firm views the shares as fairly valued.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRMLF:
- Tourmaline Energy: Hold Rating Reaffirmed as Mid-Single-Digit Free Cash Flow Outlook Persists Through 2027
- Tourmaline Rated Hold as Valuation Premium and Soft Gas Markets Offset Merits; Price Target Trimmed to $70 and Now Met
- Jefferies Reiterates Buy on Tourmaline Oil, Keeps $72 Price Target on Cash Flow Resilience and Medium-Term Upside
- Tourmaline Oil price target raised to C$76 from C$72 at Raymond James
- Tourmaline Oil price target raised to C$70 from C$65 at Morgan Stanley