Citigroup Maintains Buy on Ovintiv, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Brian Downey maintains a Buy rating on Ovintiv (NYSE:OVV) but lowers the price target from $58 to $55.
October 07, 2024 | 9:05 pm
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NEUTRAL IMPACT
Citigroup's analyst maintains a Buy rating on Ovintiv but reduces the price target from $58 to $55, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Ovintiv's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100