Canaccord analyst Mike Mueller downgraded Peyto Exploration (PEYUF) to Hold from Buy with an unchanged price target of C$20. While the firm continues to view the company as “a top-tier operator and an astute marketer” following “solid” Q1 results, it is reducing its rating on relative valuation following “the impressive run over the past three months,” noting that Peyto was the top performer across the analyst’s Exploration and Production coverage universe over this time.
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Read More on PEYUF:
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