The Globe and Mail reports in its Tuesday edition that Raymond James analyst Luke Davis has lowered his recommendation for Canadian Natural Resources to "market perform" from "outperform." The Globe's David Leeder writes that Mr. Davis share target soared $10 to $65. Analysts on average target the shares at $60.46. Mr. Davis says in a note: "Canadian Natural Resources has outperformed our oil-weighted peer group month-to-date (up 17.5 per cent vs. group ex-GTE up 16 per cent), which we find unusual given CNRL has the second least torque to higher oil prices. Even with our updated price deck, Canadian Natural is trading through our revised target, and we are therefore downgrading the stock to 'market perform' on valuation." The Globe reported on April 10 that Mr. Davis had upgraded Canadian Natural Resources to "outperform" from "market perform." The shares could then be had for $39.26. The Globe reported on Feb. 4 that National Bank analysts Dan Payne and Travis Wood had reaffirmed their "sector perform" recommendation for CNRL, which was then going for $51.11. The Globe reported on March 10 that Desjardins Securities analyst Chris MacCulloch continued to rate CNRL "hold." The shares could then be had for $62.11.