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Whitecap Resources upgraded to Strong Buy from Outperform at Raymond James

Raymond James upgraded Whitecap Resources (SPGYF) to Strong Buy from Outperform with a price target of C$13, up from C$12. The magnitude of the valuation discount to larger-cap peers is unwarranted, and there are several potential upcoming catalysts over the next couple of quarters that could drive a reversal, the analyst tells investors in a research note.

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