CNQ Stock Price Target Boosted by Canadian Imperial Bank of Commerce

Canadian Natural Resources (CNQ) has received a positive forecast from Canadian Imperial Bank of Commerce, which boosted its price target for CNQ stock to C$75.00.

This represents an 8.32% potential upside from the company's previous close.

The bank's analysts are not alone in their optimism, as seven other brokerages have also given CNQ a 'Buy' rating and six have issued a 'Hold' rating.

Scotiabank, Royal Bank of Canada, TD, Gerdes Energy Research, Scotia, and Canadian Imperial Bank of Commerce all provided price targets for CNQ stock in recent reports.