New Zealand Energy Corp PT Lowered to $1.10 (NZ)
New Zealand Energy Corp (CVE: NZ) had its target price trimmed by Dundee Securities from $3.50 to $1.10 in a research note issued to investors on Wednesday. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on NZ. Analysts at MKM Partners cut their price target on shares of New Zealand Energy Corp from $3.25 to $1.50 in a research note to investors on Tuesday. They now have a buy rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of New Zealand Energy Corp from a speculative buy rating to a hold rating in a research note to investors on Tuesday. They now have a $0.85 price target on the stock, down previously from $2.00. Finally, analysts at CSFB downgraded shares of New Zealand Energy Corp from a neutral rating to an underperform rating in a research note to investors on Tuesday.
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