TD Securities initiated coverage of Athabasca Oil with a Hold rating and C$4.50 price target. The analyst cites valuation for the Hold rating following the stock’s the recent rally. The firm says the company is well positioned to benefit from a sustained narrowing of crude differentials.
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Read More on ATHOF:
- Desjardins cuts Athabasca Oil to Hold from Buy, sees limited return potential
- Athabasca Oil downgraded to Hold from Buy at Desjardins
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- Athabasca Oil initiated with a Buy at Stifel
- Athabasca Oil price target raised to C$4 from C$3.75 at BMO Capital
