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Crew Energy downgraded to Hold on ‘subdued’ growth at TD Securities
The Fly

Crew Energy downgraded to Hold on ‘subdued’ growth at TD Securities

TD Securities downgraded Crew Energy to Hold from Buy with a price target of C$7, down from C$7.50. The analyst expects the company’s growth to be “subdued” on commodity pricing. Crew’s previously articulated four year growth plan is unlikely to materialize, given prevailing natural gas prices, the analyst tells investors in a research note.

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