Fly News Breaks for March 14, 2019
IMO
Mar 14, 2019 | 08:02 EDT
As previously reported, Credit Suisse analyst Manoj Gupta upgraded Imperial Oil to Neutral from Underperform, with a $39 price target. Given the company's contracted pipe, rail capacity and its integrated business model, it will be less affected by Line 3 delays, he contends. The analyst believes that after Q4 earnings call, the market better understands the risk to 2019 volume guidance, which was the basis of his initial underperform rating.
News For IMO From the Last 2 Days