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Research analysts at TD Securities decreased their price target on shares of WesternZagros Resources (CVE:WZR) from C$1.30 to C$1.15 in a report released on Friday. TD Securities’ price target would suggest a potential upside of 38.55% from the stock’s previous close.

Separately, analysts at Scotiabank downgraded shares of WesternZagros Resources to a “sector perform” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. WesternZagros Resources has an average rating of “Buy” and an average target price of C$1.67.

WesternZagros Resources Ltd.(CVE:WZR) is an international oil and gas company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq.

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