PrairieSky Royalty price target lowered to C$28 from C$29 at Scotiabank

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PrairieSky Royalty price target lowered to C$28 from C$29 at Scotiabank


Scotiabank lowered the firm’s price target on PrairieSky Royalty (PREKF) to C$28 from C$29 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.

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