Wells Fargo analyst Roger Read initiated coverage of Ovintiv with an Overweight rating and $71 price target. The firm, which argues that Ovintiv’s North American asset portfolio diversification protects it from localized challenges, notes that its 2023 and 2024 EPS estimates are 18% and 15% above the Street consensus, respectively.
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Read More on OVV:
- Ovintiv downgraded to Equal Weight from Overweight at Morgan Stanley
- Ovintiv price target lowered to $56 from $60 at Barclays
- Ovintiv to Host its 2022 Fourth Quarter and Year-end Results Conference Call and Webcast on February 28, 2023
- Ovintiv assumed with a Buy at Mizuho
- Ovintiv price target lowered to $60 from $69 at Barclays