Headwater Exploration price target raised to C$11 from C$9.50 at BMO Capital

Group 1 - BMO Capital raised the price target on Headwater Exploration (CDDRF) to C$11 from C$9.50 [1] - The firm maintains an Outperform rating on Headwater Exploration shares [1] - The Clearwater formation is identified as one of the most economic plays in Canada [1] Group 2 - Headwater Exploration is among the few publicly traded companies with exposure to the Clearwater formation [1]