UPDATE: Canaccord Genuity Downgrades Canadian Natural Resources to Hold on

Canaccord Genuity downgraded Canadian Natural Resources Limited

from Buy to Hold and lowered the price target from $37.00 to $35.00. Canaccord Genuity commented, "We are lowering CNQ to HOLD from Buy, lowering our target $2 to $35, and removing it from the Focus List on the heels of our cautionary view toward continued Canadian differential volatility this year. … We are lowering CNQ to HOLD from Buy, lowering our target $2 to $35, and removing it from the Focus List on the heels of our cautionary view toward continued Canadian differential volatility this year." Canadian Natural Resources closed at $30.21 on Friday.