RBC Capital Reiterates Outperform on Cenovus Energy, Maintains C$32 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Greg Pardy has reiterated an Outperform rating on Cenovus Energy, maintaining a price target of C$32. The company is listed on the Toronto Stock Exchange under the symbol TSX:CVE.
December 05, 2023 | 3:41 pm
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RBC Capital analyst Greg Pardy reaffirmed an Outperform rating on Cenovus Energy with a price target of C$32, indicating a positive outlook for the stock.
The reiteration of an Outperform rating by a major analyst like RBC Capital suggests a strong vote of confidence in Cenovus Energy's performance and future prospects. This endorsement is likely to be viewed positively by investors and could lead to a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100