Ovintiv Reaches Analyst Target Price

by Trading & Investing | 03/02/2022, 06:14

In recent trading, shares of Ovintiv Inc (Symbol: OVV) have crossed above the average analyst 12-month target price of $47.06, changing hands for $47.13/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation

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