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National Bank of Canada Cuts Strathcona Resources Price Target to C$59 From C$62
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National Bank of Canada lowered its price target on Strathcona Resources to C$59 from C$62. The revision trims the implied valuation for the oil-weighted producer by roughly 5%. No change to the bank's rating was disclosed in the headline. The move signals a more cautious view on the company's outlook among sell-side analysts. Investors will watch whether other coverage firms follow with similar target cuts.
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National Bank of Canada, Strathcona Resources