The Globe and Mail reports in its Tuesday, March 10, edition that Desjardins Securities analyst Chris MacCulloch, citing multiple expansion and positive estimate revisions following last week's release of Canadian Natural Resources' fourth quarter 2025 results, raised his share target to $56 from $52, while maintaining a "hold" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $56.42. Mr. MacCulloch says in a note: "Canadian Natural provided a solid update, highlighted by leaner capital spending and increased volumes following the Peace River acquisition. While acknowledging that adjusted corporate net debt targets will accommodate an acceleration of capital returns, we still see more compelling opportunities elsewhere in the Canadian large-cap oil space." The Globe reported on Nov. 25 that Mr. MacCulloch had cut CNRL to "hold" from "buy." It was then worth $46.84. The Globe reported on Dec. 18 that Mr. MacCulloch continued to rate CNRL "hold." It was then worth $43.95. The Globe reported on Feb. 4 that National Bank analysts Dan Payne and Travis Wood has reaffirmed their "sector perform" recommendation for CNRL, which was then going for $51.11.