Goldman Sachs raised the firm’s price target on Cenovus Energy (CVE) to $29 from $22 and keeps a Buy rating on the shares. Estimates across U.S. Majors and Canadian Oils have been updated to reflect recent Middle East disruptions, with price targets raised despite strong year-to-date equity performance, the analyst tells investors in a research note.
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Read More on CVE:
- Cenovus Energy upgraded to Buy from Sell at Veritas
- Cenovus to Redeem $300 Million in Series 1 and 2 Preferred Shares
- Cenovus Energy downgraded to Sell from Reduce at Veritas
- Cenovus Energy price target raised to C$32 from C$31 at RBC Capital
- Cenovus Energy price target raised to C$35 from C$28 at TD Securities