Jefferies Maintains Buy on Ovintiv, Raises Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Lloyd Byrne has maintained a Buy rating on Ovintiv (NYSE:OVV) and increased the price target from $59 to $69.
April 12, 2024 | 6:16 pm
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Jefferies has reaffirmed its Buy rating on Ovintiv and raised the price target from $59 to $69, indicating a positive outlook on the stock.
The upgrade in the price target by a reputable analyst firm like Jefferies typically signals a strong conviction in the company's future performance and growth prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100