BUZZ-Baytex Energy Corp: RBC raises PT
** Canadian oil and gas producer's shares up 10.2 pct at C$4.87
** RBC Capital Markets raises PT on stock to C$5.50 from C$5; median PT C$5
** RBC analysts note company's C$820 mln in undrawn capacities on its credit facilities and its "proactive" covenant relaxation with its banking syndicate
** "Baytex remains one of the more levered bets to a rising oil price," Raymond James analysts write
** "For investors bullish on a commodity price recovery, Baytex offers some of the best torque at good value vs intermediate non yield peers given its higher than average leverage," AltaCorp analysts write
** Up to Thursday's close, stock had lost more than three-quarters of its value in past 12 months
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