Ovintiv price target lowered to $44 from $46 at Wells Fargo

Wells Fargo lowered the firm’s price target on Ovintiv to $44 from $46 and keeps an Equal Weight rating on the shares. The firm expects another quarter of solid execution with vols biased toward the upper end of guidance. Wells sees upside in 2024 oil and liquids prod guide, which should be the focal point for the quarter.