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Tamarack Valley Energy Price Target Raised to CA$17.25 at CIBC

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CIBC Capital Markets raised its price target on Tamarack Valley Energy Ltd. (TVE.TO) to CA$17.25 from CA$16.50.

Analyst Jamie Kubik maintained an outperformer rating on shares of the Calgary-based energy company following its acquisition of Headwater Exploration Inc. (HWX.TX).

"We view Tamarack's acquisition of Headwater Exploration as a logical fit, allowing the company to solidify its position as a premier pure-play Clearwater producer," Kubik said in a note to clients.

(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://finwires.com/en/contact)

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