By: Benzinga
March 14, 2013 at 11:10 AM EDT
UPDATE: Stifel Nicolaus Upgrades Canadian Natural Resources to Buy; Valuation Attractive
Stifel Nicolaus upgraded Canadian Natural Resources (NYSE: CNQ ) from Hold to Buy and announced a $38.00 price target. Stifel Nicolaus analyst Amir Arif commented, "We believe that the relative underperformance to the EPX provides an attractive entry point. The recent improvement in heavy oil, synthetic diffs, and strong
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