Scotiabank Upgrades Cenovus Energy to Sector Outperform, Raises Price Target to C$30
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Jason Bouvier has upgraded Cenovus Energy from Sector Perform to Sector Outperform and raised the price target from C$28 to C$30.
September 06, 2023 | 1:01 pm
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POSITIVE IMPACT
Cenovus Energy has been upgraded to Sector Outperform by Scotiabank, with a raised price target of C$30.
The upgrade from Scotiabank is a positive signal for Cenovus Energy. The raised price target indicates that the analyst sees potential for the stock's price to increase, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100