TD Securities downgraded Nuvista Energy (NUVSF) to Sell from Hold with a price target of C$18.04, up from C$17, after the company agreed to be acquired by Ovintiv (OVV) for an effective price of C$18.04 per share. The firm, which believes the deal offers “fair value” for Nuvista, recommends investors sell at the open or tender to the offer.
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Read More on NUVSF:
- NuVista Energy to be Acquired by Ovintiv in $3.8 Billion Deal
- Ovintiv to acquire NuVista in roughly C$3.8B cash and stock deal
- Nuvista Energy downgraded to Sector Perform from Outperform at National Bank
- Nuvista Energy upgraded to Buy from Hold at Desjardins
- Nuvista Energy price target raised to C$19 from C$16 at Scotiabank