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Raymond James Financial Upgrades Baytex Energy (TSE:BTE) to Outperform
Raymond James Financial upgraded Baytex Energy (TSE:BTE) from “market perform” to “outperform” and increased its price target to C$7.00. This new target implies a potential upside of 14.94% from the current trading price. The stock was trading at C$6.09, near its 52-week high, despite reporting negative quarterly EPS and high leverage.