BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Randy Ollenberger maintains an Outperform rating on Cenovus Energy (NYSE:CVE) but lowers the price target from $33 to $31.
October 04, 2024 | 5:28 pm
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NEUTRAL IMPACT
BMO Capital has maintained its Outperform rating on Cenovus Energy but has lowered the price target from $33 to $31, indicating a slightly less optimistic outlook.
The maintenance of the Outperform rating suggests continued confidence in Cenovus Energy's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100