Ovintiv price target raised to $55 from $54 at Wells Fargo

Wells Fargo raised the firm’s price target on Ovintiv (OVV) to $55 from $54 and keeps an Equal Weight rating on the shares. The firm expects solid Q1 execution with volumes toward the high end of guidance, supported by continued operational strength. Key focus areas include realization dynamics into Q2, updates on Montney business integration / synergy capture, and free cash flow deployment, Wells adds.