Canadian Natural Resources Ltd. (CNQ:CA) Gerdes Research Downgrades to Neutral

Canadian Natural Resources Ltd. (CNQ:CA) Gerdes Research Downgrades to Neutral

Canadian Natural Resources Ltd. (CNQ:CA)

Analyst Update

Gerdes Energy Research recently downgraded Canadian Natural Resources Ltd. (CNQ:CA) to Neutral from a Buy rating, while maintaining their 12 month target price of $58 per share, suggesting that while the company remains fundamentally strong, its risk-reward profile has become more balanced following recent share price performance. The downgrade  reflects valuation considerations, as the stock’s gains may already capture much of its operational strength and free cash flow generation at current commodity price assumptions. Canadian Natural continues to benefit from a diversified asset base, low decline oil sands production, disciplined capital allocation, and a strong track record of dividend growth and shareholder returns. However, moderating crude price expectations, potential heavy oil differentials, and broader macroeconomic uncertainty could limit near-term upside, leading the firm to adopt a more cautious stance despite the company’s solid long-term fundamentals.

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