Enerplus -2.7% as shares cut to Sector Perform at RBC

Enerplus (ERF -2.7%) is downgraded to Sector Perform from Outperform with a $25 price target at RBC, believing shares have moved into fair value territory at current levels.

The firm says it could become more bullish towards ERF amid a share price pullback or improving prospects for common share dividend growth.

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Comments (2)
  • gchaput
    , contributor
    Comments (139) | Send Message
    -2.7% on a RBC analyst's update that shares are in "fair territory" at current levels... Result: shares are now 2.7% below "fair territory" I suppose... The market is just too volatile when an analyst can influence markets to such an extent.
    9 Jun 2014, 05:39 PM Reply Like
  • Kamdogg
    , contributor
    Comments (15) | Send Message
    It also may be that news on ERF is so rare that anything published may have an outsized impact.
    11 Jun 2014, 10:00 PM Reply Like
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