Ovintiv Price Target Raised to US$55 at RBC

MT Newswires Live

02-28

RBC Capital Markets raised its price target on Ovintiv Inc. (OVV.TO, OVV) to US$55 from US$53 on Friday.

Analyst Greg Pardy maintained a Sector Perform rating on shares of the oil and gas company following its fiscal Q4 results.

"Ovintiv delivered another solid quarter punctuated by balance sheet deleveraging, an important driver of the stock's relative performance in our eyes," Pardy said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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