Wells Fargo Maintains Equal-Weight on Ovintiv, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Ovintiv (NYSE:OVV) but has lowered the price target from $51 to $42.
October 01, 2024 | 6:48 pm
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Wells Fargo has maintained its Equal-Weight rating on Ovintiv but reduced the price target from $51 to $42, indicating a less optimistic outlook.
The reduction in price target from $51 to $42 by Wells Fargo suggests a less optimistic view on Ovintiv's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100