Evercore ISI Group Maintains Outperform on Ovintiv, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Ovintiv (NYSE:OVV) but has lowered the price target from $60 to $54.
September 30, 2024 | 5:43 pm
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Evercore ISI Group has maintained an 'Outperform' rating on Ovintiv but reduced the price target from $60 to $54, indicating a slightly less optimistic outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in Ovintiv's performance, but the lowered price target indicates a tempered outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100