Scotiabank analyst Cameron Bean downgraded Birchcliff Energy to Sector Perform from Outperform with a price target of C$13, down from C$16.50, after refreshing his forecasts using the updated Scotiabank GBM commodity price deck and updating his valuations accordingly. Given his expectations for lower commodity prices and continuing volatility in the sector, he downgraded three names in the North American Natural Gas space.
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Published first on TheFly
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