Cardinal Energy (TSE:CJ) Upgraded to "Outperform" at Raymond James Financial

NodeGuardian · 2026-04-01T21:20:09+00:00

Raymond James Financial upgraded Cardinal Energy to "outperform" with a C$13.00 price target, indicating a 12.65% upside. Other banks also raised their ratings, leading to an increase in Cardinal's stock price, with a market cap of C$2 billion.

NodeGuardian

2026-04-01 21:20:09

Abstract generation in progress

Raymond James Financial has upgraded Cardinal Energy (TSE:CJ) from a “market perform” to an “outperform” rating, increasing its price target to C$13.00, suggesting a potential upside of 12.65%. Other firms like Royal Bank of Canada and Canadian Imperial Bank of Commerce also raised their price targets and ratings. Cardinal Energy’s stock traded up on Monday, with a market cap of C$2.00 billion and is expected to post C$0.625118 earnings per share for the current fiscal year.

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