On Oct 09, major Wall Street analysts update their ratings for $Canadian Natural Resources (CNQ.US)$, with price targets ranging from $37.34 to $45.4.
RBC Capital analyst Gregory Pardy maintains with a buy rating, and adjusts the target price from $43.54 to $45.4.
Raymond James analyst Michael Barth, CFA maintains with a hold rating, and adjusts the target price from $36.02 to $37.34.
Desjardins analyst Chris MacCulloch upgrades to a buy rating.
National Bank analyst Travis Wood maintains with a hold rating, and adjusts the target price from $38.37 to $38.81.
Furthermore, according to the comprehensive report, the opinions of $Canadian Natural Resources (CNQ.US)$'s main analysts recently are as follows:
The firm's particularly positive outlook on Canadian Natural is underpinned by the company's robust management, alignment with shareholders, generation of free cash flow, superior operational performance, and significant returns to shareholders. Additionally, the company is distinguished as the preferred 'senior producer' in the eyes of the analyst.
The firm highlights Canadian Natural's recent acquisition of additional interests in the Western Canadian Sedimentary Basin, emphasizing the company's strategic position as a 'natural buyer' and the advantageous acquisition cost. Moreover, the inclusion of the Duvernay asset is seen as a beneficial supplement, especially considering the recent enhancements in well productivity and its advantageous location near the company's Montney assets.
Here are the latest investment ratings and price targets for $Canadian Natural Resources (CNQ.US)$ from 4 analysts:
Note:
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