Mizuho Maintains Outperform on Ovintiv, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains an Outperform rating on Ovintiv (NYSE:OVV) but lowers the price target from $60 to $58.
October 09, 2024 | 12:50 pm
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Mizuho analyst Nitin Kumar maintains an Outperform rating on Ovintiv but lowers the price target from $60 to $58, indicating a slight decrease in expected valuation.
The Outperform rating suggests continued confidence in Ovintiv's performance, but the lowered price target indicates a slight reduction in expected valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100