ATB Cormark Raises Price Targets on Cenovus and Tamarack Valley
ATB Cormark keeps its Outperform rating on Cenovus Energy and lifts its target to C$55.00, while Tamarack Valley's target rises to C$17.25.
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what happened
Dow Jones Newswires, citing Baystreet, reports that ATB Cormark maintained its Outperform rating on Cenovus Energy Inc. and raised its price target to C$55.00 per share from C$49.00.
ATB Cormark also kept an Outperform rating on Tamarack Valley Energy Ltd., increasing its target to C$17.25 per share from C$16.00.
why it matters
A higher target alongside an unchanged Outperform rating points to a more favorable analyst view of these companies' valuations. Actions like these are routine for oil and gas equities and have little direct effect on crude prices or the broader market.
tags
instruments
sources
- Cenovus Energy Inc. Is Maintained at Outperform by ATB Cormark — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- Tamarack Valley Energy Ltd. Is Maintained at Outperform by ATB Cormark — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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