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Ovintiv price target raised to $72 from $70 at Truist

Truist analyst Gabe Daoud raised the firm’s price target on Ovintiv (OVV) to $72 from $70 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results among Exploration and Production names. The firm expects the company’s solid execution to continue, forecasting total production of 673.9Mboe/d, the analyst tells investors in a research note.

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