Goldman Sachs raised the firm’s price target on Cenovus Energy (CVE) to $36 from $32 and keeps a Buy rating on the shares. The firm continues to expect a volume and free cash flow inflection as West White Rose comes online, with further upside from Christina Lake North and higher commodity prices, the analyst tells investors in a research note.
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Read More on CVE:
- Cenovus Energy price target raised to C$44 from C$38 at Scotiabank
- Cenovus Energy price target raised to C$45 from C$42 at RBC Capital
- Cenovus Shareholders Strongly Back Board, Auditor and Pay Policies at May 6 AGM
- Cenovus Energy reports Q1 EPS 83c, consensus 55c
- Cenovus Energy downgraded to Outperform from Strong Buy at Raymond James
