National Bank trims price targets on Suncor and Strathcona shares
National Bank cut its price target on Suncor Energy to C$145 from C$146 and on Strathcona Resources to C$62 from C$63, keeping Outperform ratings.
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what happened
Analysts at National Bank lowered their price target on Suncor Energy Ltd. to C$145 a share from C$146 and kept the Outperform rating. The bank also reduced its target on Strathcona Resources Ltd. to C$62 from C$63, with the same Outperform rating. The information comes from Dow Jones Newswires, citing Baystreet.
why it matters
The changes are small, one dollar per share for each stock, and apply to two Canadian companies working in oil sands. Adjustments like these often reflect an updated valuation model rather than a new signal on the market's direction. For the broader market the news is minor, but the retained Outperform ratings suggest analysts still see both companies as better positioned than the market average.
tags
instruments
sources
- Suncor Energy Ltd. Price Target Cut to C$145.00/Share From C$146.00 by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
- Strathcona Resources Ltd. Price Target Cut to C$62.00/Share From C$63.00 by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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