Gibson Energy Inc. (GEI.TO) was downgraded to Hold from Buy at TD Securities on Tuesday.
Analyst Aaron MacNeil raised his price target on shares of the Canadian midstream oilfield services company to $25 from $24 following its site tour and corporate update last week.
"Leading up to/following this event, its share price has outperformed and now approaches our raised $25 target price," MacNeil said in a note to clients.
"We believe our positive thesis on this name following the Q4/24 weakness has played out, with growth opportunities presented appearing longer-dated in the context of current market conditions," the analyst said.
"Our previous investment thesis was based on value recognition for marketing normalization as well as 2025 capital spending and follow-on growth in infrastructure performance. This has now occurred, in our view."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。