ARC Resources, Cenovus Energy, Lundin Gold

Apr 22, 202406:53 UTC

ARX

CVE

LUG

PSK

Securities analysts revised their ratings and price targets on several Canadian companies, including ARC Resources, Cenovus Energy and Lundin Gold, on Monday.

HIGHLIGHTS

* ARC Resources Ltd ARX: CIBC raises target price to C$30 from C$26
* Cenovus Energy Inc CVE: CIBC raises target price to C$35 from C$31
* Lundin Gold Inc LUG: Jefferies raises target price to C$23 from C$19
* Prairiesky Royalty Ltd PSK: CIBC cuts to neutral from outperformer
* Suncor Energy Inc SU: CIBC raises target price to C$65.00 from C$60.00

Following is a summary of research actions on Canadian companies reported by Reuters on Monday. Stock entries are in alphabetical order.

* Advantage Energy Ltd AAV: CIBC raises target price to C$11 from C$10.5
* Altius Minerals Corp ALS: Canaccord Genuity raises PT to C$24.5 from C$24
* ARC Resources Ltd ARX: CIBC raises target price to C$30 from C$26
* Atco Ltd ACO.X: Scotiabank cuts target price to C$41 from C$43
* Baytex Energy Corp BTE: CIBC raises target price to C$6.5 from C$6
* Calibre Mining Corp CXB: Jefferies raises target price to C$2.25 from C$2
* Canadian National Railway Co CNR: Raymond James raises PT to C$190 from C$185
* Canadian Natural Resources Ltd CNQ: CIBC raises target price to C$115 from C$105
* Canadian Pacific Kansas City CP: Raymond James raises PT to C$130 from C$120
* Canadian Utilities Ltd CU: Scotiabank cuts target price to C$33 from C$35
* Cardinal Energy Ltd (Alberta) CJ: CIBC raises target price to C$8.5 from C$8
* Cardiol Therapeutics Inc. CRDL: H.C. Wainwright initiates coverage with buy rating
* Cenovus Energy Inc CVE: CIBC raises target price to C$35 from C$31
* Crescent Point Energy Corp CPG: Atb Capital Markets raises PT to C$13 from C$12
* Crescent Point Energy Corp CPG: CIBC raises target price to C$15 from C$14
* Emera Inc EMA: Scotiabank cuts target price to C$52 from C$56
* Empire Company Ltd EMP.A: Scotiabank cuts target price to C$36 from C$37
* Enerflex Ltd EFX: CIBC raises target price to C$9 from C$8
* Ensign Energy Services Inc ESI: CIBC raises target price to C$3.75 from C$3.25
* G Mining Ventures Corp GMIN: Jefferies raises target price to C$2.25 from C$2
* GFL Environmental Inc GFL: National Bank of Canada cuts PT to C$55 from C$56
* Goviex Uranium Inc GXU: Eight Capital cuts target price to C$0.3 from C$0.7
* Hydro One Ltd H: Scotiabank cuts target price to C$38 from C$40
* Imperial Oil Ltd IMO: CIBC raises target price to C$105 from C$90
* International Petroleum Corp IPCO: Atb Capital Markets raises PT to C$19 from C$16.5
* Ivanhoe Mines Ltd IVN: Eight Capital raises target price to C$30 from C$19
* Kelt Exploration Ltd KEL: CIBC raises target price to C$8.5 from C$8
* Loblaw Companies Ltd L: Scotiabank raises target price to C$148.27 from C$146
* Lucero Energy Corp LOU: CIBC raises target price to C$0.75 from C$0.70
* Lundin Gold Inc LUG: Jefferies raises target price to C$23 from C$19
* Maple Leaf Foods MFI: National Bank of Canada initiates coverage with outperform rating
* Maple Leaf Foods MFI: National Bank of Canada initiates coverage with PT C$29
* MEG Energy Corp MEG: CIBC raises target price to C$34.00 from C$30.00
* Metro Inc MRU: Scotiabank cuts target price to C$74 from C$74.5
* Nano One Materials Corp NANO: Cormark Securities initiates coverage with buy rating
* Nano One Materials Corp NANO: Cormark Securities initiates coverage with PT C$3.4
* Nuvista Energy Ltd NVA: CIBC raises target price to C$16.50 from C$15.50
* Oceanagold Corp OGC: Jefferies raises target price to C$4 from C$3.5
* Paramount Resources Ltd POU: CIBC raises target price to C$35 from C$30
* Parkland Corp PKI: National Bank of Canada raises target price to C$52 from C$49
* Prairiesky Royalty Ltd PSK: CIBC cuts to neutral from outperformer
* Prairiesky Royalty Ltd PSK: CIBC raises target price to C$31.00 from C$27.50
* Precision Drilling Corp PD: CIBC raises target price to C$130.00 from C$110.00
* Secure Energy Services Inc SES: CIBC raises target price to C$12.00 from C$11.00
* Spartan Delta Corp SDE: CIBC raises target price to C$4.00 from C$3.75
* Strathcona Resources Ltd SCR: CIBC raises target price to C$40.00 from C$35.00
* Suncor Energy Inc SU: CIBC raises target price to C$65.00 from C$60.00
* Tamarack Valley Energy Ltd TVE: CIBC raises target price to C$5.25 from C$4.50
* Topaz Energy Corp TPZ: CIBC raises target price to C$26.00 from C$24.00
* Tourmaline Oil TOU: CIBC raises target price to C$77.50 from C$72.50
* Whitecap Resources Inc WCP: CIBC raises target price to C$15.00 from C$14.00
* Wishpond Technologies Ltd WISH: Canaccord Genuity cuts PT to C$1.25 from C$2