Canaccord Upgrades Harvest Energy on Price Weakness

Harvest Energy Trust (HTE) got a ratings upgrade courtesy of Canaccord Adams, thanks to recent unit price weakness for the Calgary-based oil and gas royalty trust.

Harvest units have fallen roughly 13% since it reported second quarter results on August 13.

Analyst Bruce McDonald has moved his rating to “hold” from “sell,” while maintaining a C$26 price target.