Mizuho Maintains Buy on Ovintiv, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Ovintiv (NYSE:OVV) and increased the price target from $58 to $64.
May 13, 2024 | 3:18 pm
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POSITIVE IMPACT
Mizuho's analyst Nitin Kumar reaffirmed a Buy rating on Ovintiv and raised the price target from $58 to $64, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong confidence in Ovintiv's future performance. This endorsement is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100