Analysts’ Recommendations for Thursday
Africa Oil Corp (AOI). Canaccord Genuity cuts price target to C$8 from C$13.50 citing potentially negative catalysts relating to well results, flow tests, elections in Kenya, and potential changes to existing contracts.
AuRico Gold (AUQ). CIBC raises target price to C$9 from C$7 on valuation impact generated by the Ocampo divestiture and planned share buyback program.
Canadian Energy Services (CEU). RBC raises target price to C$13 from C$12 as the company announced the acquisition of Mega Fluids Mid-Continent LLC and growth prospect in North America.
Tags: AOI, AUQ, CEU