Scotiabank analyst Kevin Fisk lowered the firm’s price target on Cenovus Energy (CVE) to C$27 from C$30 and keeps an Outperform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVE:
- Cenovus Energy price target lowered to C$28 from C$32 at CIBC
- Cenovus Energy Files 2024 Annual Report
- Cenovus Energy’s 2024 Modern Slavery Report: A Commitment to Ethical Practices
- Cenovus Energy Announces Virtual Annual Meeting Details
- Cenovus Energy price target lowered to C$30 from C$31 at Morgan Stanley