Wells Fargo Upgrades Ovintiv Amid Focus on Delivery and Shareholder Returns
Ovintiv (OVV) rose by 3% in Monday's trading despite falling crude oil prices, following a Wells Fargo upgrade to Overweight from Equal Weight. The firm raised its price target for the company to $80 from $57 due to Ovintiv’s successful portfolio completion and focus on delivery and shareholder returns.
Topics: oil & gas price target stock upgrade