{"id":42299,"date":"2023-11-03T20:23:26","date_gmt":"2023-11-03T20:23:26","guid":{"rendered":"https:\/?p=42299"},"modified":"2023-11-03T20:25:38","modified_gmt":"2023-11-03T20:25:38","slug":"arc-resources-arxtsx-analysts-raise-target-after-earnings","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/arc-resources-arxtsx-analysts-raise-target-after-earnings\/","title":{"rendered":"Arc Resources (ARX:TSX) Analysts Raise Target After Earnings"},"content":{"rendered":"
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Analyst Ratings Coverage<\/h2>\n<\/div>\n<\/div>\n
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Arc Resources,<\/a> a Canadian energy company involved in the exploration, development, and production of natural gas, oil, and natural gas liquids, is closely monitored by financial analysts which have just upgraded their coverage on the stock.<\/p>\n

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    1. STA Research (Hold, Target: CAD 20)<\/strong>: STA Research has maintained a “Hold” rating for Arc Resources with a target price of CAD 20. This suggests that, in their assessment, the stock is currently fairly valued, and they do not anticipate significant price movement in the near term.<\/li>\n
    2. Stifel Nicolaus (Hold, Target: CAD 24.25)<\/strong>: Stifel Nicolaus has a “Hold” rating for Arc Resources and has raised their target price to CAD 24.25. This implies that they expect the stock to perform at its current level and do not anticipate strong price appreciation in the short term.<\/li>\n
    3. CIBC World Markets (Outperform, Target: CAD 28)<\/strong>: CIBC World Markets has an “Outperform” rating for Arc Resources and has increased their target price to CAD 28. This rating suggests that they believe the stock has the potential to outperform the market, and they anticipate positive price movement.<\/li>\n
    4. Canaccord Genuity (Buy, Target: CAD 28)<\/strong>: Canaccord Genuity has a “Buy” rating for Arc Resources and has raised their target price to CAD 28. A “Buy” rating typically indicates a positive outlook, and they anticipate that the stock is undervalued and has room for price appreciation.<\/li>\n
    5. National Bank Financial (Target: CAD 26)<\/strong>: National Bank Financial has updated its target price for Arc Resources to CAD 26. While no specific rating is mentioned, the target price change suggests that they have revised their expectations for the stock’s performance.<\/li>\n
    6. TD Securities (Buy, Target: CAD 27)<\/strong>: TD Securities has a “Buy” rating for Arc Resources and has set a target price of CAD 27. A “Buy” rating typically implies a positive outlook, and they expect the stock to perform well.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

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      ARX:CA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n