Scotiabank lowered the firm’s price target on MEG Energy (MEGEF) to C$30 from C$33 and keeps an Outperform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.

Stay Ahead of the Market:

Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using  Tipranks' Stock Screener.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on MEGEF:

Disclaimer & DisclosureReport an Issue

MEG Energy price target lowered to C$28 from C$32 at CIBC MEG Energy (MEGEF) Declares Q2 Dividend: Important Details for Shareholders MEG Energy Corp’s Record Year and Future Outlook MEG Energy Reports Record Production and Strategic Growth MEG Energy price target lowered to C$32 from C$33 at TD Securities

View Comments