National Bank Financial Inc Maintains Outperform on Cenovus Energy, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Travis Wood has maintained an 'Outperform' rating on Cenovus Energy (NYSE:CVE) but lowered the price target from C$38 to C$33.
June 29, 2023 | 5:09 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cenovus Energy's price target has been lowered from C$38 to C$33 by National Bank Financial, though the 'Outperform' rating is maintained.
The lowering of the price target by National Bank Financial could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the bank still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100