RBC Capital Markets lowered its price target on ARC Resources Ltd. (ARX.TO) to $28 from $32.
Analyst Michael Harvey maintained an Outperform rating on shares of the Calgary-based energy company following its Q4 2025 results.
"Solid quarterly results were overshadowed by withdrawn asset-level guidance at Attachie, as recent (December) pads have come in below expectations," Harvey said in a note to clients.
"The pause is warranted in our view, but likely results in a period of sideways trading as investor confidence will need to be rebuilt," the analyst said.
(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)