Baytex Energy Corp. (BTE:CA) — National Bank maintained its Outperform rating and raised its price target to C$9.50 from C$8.50. The target change represents a 11.8% increase. Baytex raised its 2026 production guidance after strong performance from its Duvernay and Peavine operations, according to its second-quarter update. Looking ahead, investors will be watching whether well productivity translates into sustained free cash flow, with oil prices, drilling costs and the balance between shareholder returns and debt reduction central to the outlook.
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