RBC Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to C$28
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Greg Pardy maintains an Outperform rating on Cenovus Energy but lowers the price target from C$29 to C$28.
November 01, 2024 | 3:53 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Cenovus Energy but reduces the price target from C$29 to C$28, indicating a slight decrease in expected valuation.
The Outperform rating suggests continued positive sentiment, 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 80