Ovintiv price target raised to $45 from $44 at Wells Fargo

Wells Fargo raised the firm’s price target on Ovintiv (OVV) to $45 from $44 and keeps an Equal Weight rating on the shares. Through a series of portfolio optimizations over the past 2 years, Ovintiv appears well positioned to deliver consistent growth, the firm says. Wells stays on the sidelines awaiting clarity of stable ops, financial performance and production growth.