BMO Capital analyst Mike Murphy downgraded Spartan Delta to Market Perform from Outperform with a price target of C$5.50, down from C$6.25. The analyst views the cash flow outlook of the new Spartan Delta as significantly impacted by BMO’s revised outlook for natural gas prices through 2024. The firm expects natural gas prices to remain relatively weak over the next 18 months.
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Read More on DALXF:
- Spartan Delta price target lowered to C$7.50 from C$18 at Desjardins
- Spartan Delta price target lowered to C$6.50 from C$19 at Raymond James
- Spartan Delta price target lowered to C$6.75 from C$20 at National Bank
- Spartan Delta price target lowered to C$6.25 from C$18 at BMO Capital
- Spartan Delta price target lowered to C$8 from C$20 at Scotiabank
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