RBC Capital Markets initiated coverage of Spartan Delta Corp. (SDE.TO) with an outperform rating and CA$17 price target.
The energy producer "should sustain (and could potentially expand) its premium multiple given a premium land position within the West Shale Duvernay alongside a seasoned and aligned team," analyst Michael Harvey said in a note. "Substantial remaining inventory sets the stage for above-average organic growth and a high likelihood of future M&A."
(Updates with the analyst's commentary.)BofA Securities upgraded Eldorado Gold (EGO) to buy from underperform and raised its price target to $54 from $32.Following the de-risking of Skouries, the company's "flagship growth asset," the brokerage said it expects free cash flow to increase to $1.5 billion in 2027.BofA said it also expects Eldorado's gold production to increase by 29% and all-in sustaining costs to fall by 24% in the same year.Eldorado Gold has an average rating of overweight and mean price target of $47.82, according to analysts polled by FactSet.Price: $44.33, Change: $+1.96, Percent Change: +4.63%
Netflix (NFLX) has an average rating of overweight and mean price target of $93.57, according to analysts polled by FactSet.
RBC Capital Markets on Tuesday downgraded luxury goods group LVMH (MC.PA) to sector perform from outperform rating and reduced its price target to 475 euros from 575 euros.