Canada research roundup: Aritzia, Canadian Natural Resources, Imperial Oil
CNQ•Analysts raised price targets for Aritzia, Canadian Natural Resources and Imperial Oil, while also making rating and target changes across other Canadian companies.
1. Highlighted target changes
Canaccord Genuity raised its Aritzia target to C$194 from C$189, while RBC raised its target to C$195 from C$191 and TD Cowen cut its target to C$175 from C$200. CIBC raised its targets for Canadian Natural Resources to C$80 from C$75 and Imperial Oil to C$160 from C$150.
2. Other analyst actions
The roundup also included target increases and cuts across energy, mining, royalty and other Canadian companies. National Bank of Canada initiated coverage on several companies, with ratings including outperform and sector perform.
