PrairieSky Royalty price target raised to C$31 from C$29 at Scotiabank

Scotiabank raised the firm’s price target on PrairieSky Royalty to C$31 from C$29 and keeps a Sector Perform rating on the shares. The firm believes years of underinvestment and continued capital discipline have set the foundation for a structurally favorable outlook of Canadian commodity prices, the analyst tells investors.