BMO Capital analyst Tariq Saad downgraded Greenfire Resources (GFR) to Market Perform from Outperform with an unchanged price target of C$8. The firm expects the company to “materially outspend” its cash flow in 2026, driving leverage higher. It believes the shares are due for a “breather.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFR: