Scotiabank raised the firm’s price target on Imperial Oil to C$111 from C$83 and keeps an Outperform rating on the shares. The firm has revised its commodity price forecast as well as its company estimates and target prices, the analyst tells investors. Years of underinvestment and sustained capital discipline have laid the groundwork for a structurally positive view of Canadian commodity prices, the firm adds.
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- Imperial Oil price target raised to C$100 from C$85 at RBC Capital
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- Imperial Oil price target raised to C$85 from C$82 at RBC Capital
