CIBC raised the firm’s price target on Canadian Natural Resources to C$93 from C$90 and keeps an Outperformer rating on the shares. The analyst increased the price target to reflect the Q2 report. Differentials widened modestly after Q2 and crack spreads remained relatively strong, the analyst tells investors in a research note. The firm says the recent strength in crude oil prices has helped pick up share prices in the large-cap energy space.
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Read More on CNQ:
- Canadian Natural price target raised to C$94 from C$84 at Jefferies
- Canadian Natural price target raised to C$97 from C$95 at Stifel
- Canadian Natural downgraded to Sector Perform from Outperform at National Bank
- Canadian Natural Resources (CNQ) Q2 Earnings Cheat Sheet
- Canadian Natural initiated with a Buy at UBS
