Canada Research Roundup: ARC Resources, MEG Energy and Teck Resources

North West

12/04/2024 08:44

April 12 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian
companies including ARC Resources, MEG Energy and Teck Resources, on Friday.
    
    HIGHLIGHTS       
        
  
                 * ARC Resources Ltd  ARX.TO : Jefferies raises target price to C$30
 from C$28 
 
                 * MEG Energy Corp  MEG.TO : Jefferies raises target price to C$35 from
 C$28 
 
                 * Teck Resources Ltd  TECKb.TO : Jefferies raises target price to C$80
 from C$75 
 
    
Following is a summary of research actions on Canadian companies reported by Reuters on Friday. Stock entries are
in alphabetical order.     
    
                 * ARC Resources Ltd  ARX.TO : Jefferies raises target price to C$30 from C$28 
 
                 * Bombardier  BBDb.TO : CIBC raises target price to C$61 from C$60 
 
                 * Canadian Natural Resources Ltd  CNQ.TO : Jefferies raises PT to C$110 from C$86 
 
                 * Great-West Lifeco Inc  GWO.TO : TD Cowen raises target price to C$45 from C$44 
 
                 * Lundin Mining Corp  LUN.TO : Jefferies raises target price to C$20 from C$18 
 
                 * MEG Energy Corp  MEG.TO : Jefferies raises target price to C$35 from C$28 
 
                 * North West Company Inc  NWC.TO : CIBC raises target price to C$43 from C$41 
 
                 * Pembina Pipeline Corp  PPL.TO : JP Morgan raises target price to C$52 from C$51 
 
                 * Richelieu Hardware Ltd  RCH.TO : CIBC cuts target price to C$45 from C$46 
 
                 * Strathcona Resources Ltd  SCR.TO : Jefferies raises target price to C$36 from C$26 
 
                 * Sun Life Financial Inc  SLF.TO : TD Cowen raises target price to C$75 from C$73 
 
                 * Suncor Energy Inc  SU.TO : Jefferies raises target price to C$53 from C$50 
 
                 * Teck Resources Ltd  TECKb.TO : Jefferies raises target price to C$80 from C$75 
 
                 * Tourmaline Oil  TOU.TO : Jefferies raises target price to C$75 from C$70 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))