Scotiabank analyst Kevin Fisk lowered the firm’s price target on Parex Resources (PARXF) to C$14 from C$17 and keeps a Sector Perform 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.

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Parex’s Earnings Call Highlights Strong Performance and Optimism Parex Resources Reports Challenging Year with Strategic Focus Parex Resources price target raised to C$16 from C$15 at RBC Capital Hold Rating for Parex Resources Amidst Operational Challenges and Potential Stability Parex Resources Reports Strong 2024 Results and Strategic Advancements

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