Ovintiv price target raised to $46 from $45 at Wells Fargo

Wells Fargo raised the firm’s price target on Ovintiv (OVV) to $46 from $45 and keeps an Equal Weight rating on the shares. The firm expects solid execution in the field and in-line Q1 production with modest upside to financial results. Key investor focus areas include operating plans under downside scenarios, potential tariff impacts, production trajectory, and cash returns, Wells adds.