BMO Capital Markets on Monday downgraded its rating on the shares of Imperial Oil (IMO.TO, IMO) to market perform from outperform while lowering its price target to C$129 from an undisclosed prior level as it seen the shares fairly valued.
"We are downgrading Imperial Oil to Market Perform and lowering our target price to $129. Imperial has delivered outstanding share price performance in 2025 along with consistent operational execution and financial results. At current prices, the shares reflect a large valuation premium and with their 2025 NCIB coming to an end, we see limited upside versus peers without higher oil prices to support an SIB. The company continues to boast one of the strongest financial positions and continues to deliver superior ROCE, but several peers offer more compelling relative value," analyst Randy Ollenberger wrote.
(MT Newswires 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.mtnewswires.com/contact-us)
Price: 124.83, Change: -1.68, Percent Change: -1.33
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