Canaccord Genuity downgraded Canadian Natural Resources Limited CNQ 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.
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