Goldman Sachs Maintains Neutral on Ovintiv, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has maintained a Neutral rating on Ovintiv (NYSE:OVV) and increased the price target from $47 to $56.
March 26, 2024 | 4:53 pm
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Goldman Sachs maintains a Neutral rating on Ovintiv and raises the price target from $47 to $56.
The increase in price target by Goldman Sachs from $47 to $56, while maintaining a Neutral rating, suggests a positive outlook on Ovintiv's stock value in the short term. This adjustment reflects an expectation of stronger performance or favorable market conditions for Ovintiv, likely leading to increased investor interest and potentially a rise in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100