National Bank downgraded MEG Energy to Sector Perform from Outperform with an unchanged C$26 price target. The analyst states that with a "solid operational quarter" and an uneventful close to 2022, the stock remains uniquely positioned to capitalize on the structurally improving WCS backdrop, though the firm also believes that the current valuation of MEG Energy represents "fair value".
Published first on TheFly
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Read More on MEGEF:
- MEG Energy price target raised to C$26 from C$25 at BMO Capital
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- MEG Energy price target lowered to C$20 from C$22 at CIBC
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