TD Cowen analyst Gabe Daoud raised the firm’s price target on Ovintiv to $58 from $54 and keeps an Outperform rating on the shares. The firm updated its model which suggests more upside remains should Permian well outperformance continue. The company remains a top pick given its positive rate of change in the field, FCF and ROC.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on OVV: