Wells Fargo Maintains Equal-Weight on Ovintiv, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Ovintiv (NYSE:OVV) and reduced the price target from $51 to $49.

November 22, 2023 | 2:56 pm
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Wells Fargo analyst Roger Read maintained an Equal-Weight rating on Ovintiv and lowered the price target from $51 to $49.
The reduction in price target by Wells Fargo suggests a slightly less optimistic outlook on Ovintiv's stock value, which could lead to a negative short-term impact on the stock price. However, since the rating remains at Equal-Weight, the impact may not be significantly bearish.
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