Citigroup Maintains Neutral on Ovintiv, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Ovintiv (NYSE:OVV) and raises the price target from $40 to $48.

August 04, 2023 | 9:08 am
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Citigroup maintains a Neutral rating on Ovintiv and raises the price target from $40 to $48.
The news is directly about Ovintiv (OVV). Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $40 to $48 suggests a positive outlook in the longer term. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100