Analyst Actions: BMO Nesbitt Burns Raises Price Target on Raging River

By Midnight Trader,  November 20, 2012, 03:04:16 PM EDT

The oil and gas exploration company Raging River Exploration Inc. (RRX.V) "continues to exceed expectations, setting the stage for a strong 2013," said BMO Nesbitt Burns analyst Jim Byrne, the Globe & Mail reported.

"We believe Raging River should trade at a premium to its peers given continued strong operational performance, the company's high growth rate, top-tier balance sheet and management's track record."

The analyst, who maintains an "outperform" rating, raised his one-year target by 25 cents to $3.50 a share.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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