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BMO Capital Downgrades Greenfire Resources (GFR) to Market Perform, Keeps the PT

Greenfire Resources Ltd. (NYSE:GFR) is one of the Cheap Energy Stocks to Buy Under 5.OnSeptember22, BMOCapitalanalystTariqSaaddowngradedGreenfireResourcesLtd.(NYSE:GFR)fromOutperformtoMarketPerform,whilekeepingthepricetargetunchangedatC5. On September 22,  BMO Capital analyst Tariq Saad downgraded Greenfire Resources Ltd. (NYSE:GFR) from Outperform to Market Perform, while keeping the price target unchanged at C8. The analyst noted that the firm anticipates the company to materially outspend its cash flow in 2026, which will drive its leverage higher. The company reported its fiscal second-quarter results on August 6. It produced 15,748 barrels of bitum ...