Truist Securities Maintains Buy on Ovintiv, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities maintains a Buy rating on Ovintiv (NYSE:OVV) but lowers the price target from $68 to $60.
July 22, 2024 | 4:13 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Ovintiv but lowers the price target from $68 to $60.
The maintained Buy rating suggests continued confidence in Ovintiv's performance, but the lowered price target indicates a more cautious outlook on its short-term potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100