National Bank changed the firm’s rating on Nuvista Energy (NUVSF) to Tender from Sector Perform and lowered the firm’s price target to C$18 from C$20 after Nuvista Energy announced that it has entered into an agreement to be acquired by Ovintiv (OVV) for C$18 per share.
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Read More on NUVSF:
- Nuvista Energy price target lowered to C$18 from C$19 at Scotiabank
- Nuvista Energy downgraded to Sell from Hold at TD Securities
- NuVista Energy to be Acquired by Ovintiv in $3.8 Billion Deal
- Ovintiv to acquire NuVista in roughly C$3.8B cash and stock deal
- Nuvista Energy downgraded to Sector Perform from Outperform at National Bank