Scotiabank lowered the firm’s price target on Vermilion Energy (VET) to C$13 from C$17 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.
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Read More on VET:
- Vermilion Energy price target lowered to C$14 from C$17 at CIBC
- Vermilion Energy Announces Q1 2025 Financial Release and AGM Details
- Vermilion Energy Announces Virtual Shareholder Meeting and Governance Updates
- Largest borrow rate increases among liquid names
- Vermilion Energy downgraded to Underweight from Overweight at JPMorgan
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