Goldman Sachs Upgrades Cenovus Energy to Buy, Raises Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Neil Mehta upgraded Cenovus Energy (NYSE:CVE) from Neutral to Buy and raised the price target from $20 to $22.
June 06, 2023 | 8:49 am
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POSITIVE IMPACT
Cenovus Energy (NYSE:CVE) has been upgraded from Neutral to Buy by Goldman Sachs, with a raised price target of $22.
Goldman Sachs' upgrade of Cenovus Energy to Buy and the raised price target of $22 indicate a positive outlook for the company's stock. This news is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100