Morgan Stanley Reinstates Equal-Weight on Ovintiv, Announces $44 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has reinstated Ovintiv (NYSE:OVV) with an Equal-Weight rating and announced a $44 price target.
July 18, 2023 | 2:28 pm
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Morgan Stanley has reinstated Ovintiv with an Equal-Weight rating and a price target of $44.
The reinstatement of Ovintiv by Morgan Stanley with an Equal-Weight rating indicates a neutral outlook for the stock. The $44 price target suggests that the analyst sees potential for the stock's price to reach this level. This could influence investor sentiment and potentially impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100