Jefferies raised Tourmaline Oil's price target to C$73, despite the company missing Q3 earnings.

Jefferies Financial Group has raised its price target for Tourmaline Oil (TSE:TOU) from C$67.00 to C$73.00. Other analysts have also adjusted their targets, with Scotiabank setting it at C$93.00. Tourmaline reported Q3 earnings of C$1.00 per share, missing the expected C$1.26. The company, focused on oil and gas in Canada, has an average rating of "Moderate Buy" with a consensus target price of C$78.41.

November 08, 2024
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