BMO Capital resumed coverage of Cenovus Energy (CVE) with an Outperform rating and $29 price target Cenovus is set up for incremental production growth and operating synergies, suggesting the company may finally be able to generate some positive earnings momentum that supports stronger share price performance, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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 raised to $32 from $30 at RBC Capital
- Cenovus Energy price target lowered to C$32 from C$33 at CIBC
- Cenovus Energy Completes Strategic Acquisition of MEG Energy
- Cenovus Energy completes acquisition of MEG Energy
- MEG Energy rating changed to Tender from Sector Perform at National Bank
