Truist Securities Maintains Buy on Ovintiv, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Ovintiv (NYSE:OVV) but has lowered the price target from $62 to $47.
September 30, 2024 | 3:04 pm
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Truist Securities has maintained a Buy rating on Ovintiv but has lowered the price target from $62 to $47, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Ovintiv's potential, but the lowered price target indicates a more cautious outlook on its short-term performance. This could lead to a negative short-term impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100