CIBC Downgrades Imperial Oil (IMO) to Underperform

April 9, 2009 9:46 AM EDT

CIBC downgrades Imperial Oil (NYSE: IMO) from Sector Perform to Underperform. Price target $43.

Imperial Oil Limited (Imperial) is a Canada-based integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas; refining and marketing of petroleum products, and supplying petrochemicals.


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