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FINWIRES

Imperial Oil Maintained at Hold at TPH Ahead of Q1 Results; Price Target at C$150.00

-- Tudor, Pickering, Holt on Friday maintained its hold rating of the shares of Imperial Oil (IMO.TO, IMO) with a C$150 price target ahead of the oil producer and refiner's first-quarter results.

"With our pre-earnings model update this week, we increased our Q1'26 CFPS estimate to C$3.39 from our prior C$2.90, now above Street C$2.97 though recent estimates looking more in-line with current TPHe. While MTM factors aided across the board, Upstream stands out as the driver for our improved earnings estimates, with MTM factors for Downstream partially offset by a true up to or assumptions on capture rate," analyst Jeoffrey Lambujon wrote.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $178.16, Change: $+0.68, Percent Change: +0.38%

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