Trican Well Service downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst John Gibson downgraded Trican Well Service to Market Perform from Outperform with a price target of C$5.50, down from C$6. The analyst believes the company’s valuation is screening relatively expensive compared to its peer group. Additionally, the firm does not expect much in the way of growth from the company into 2025.