Wells Fargo Raises Ovintiv (OVV) PT to $42, Cites Superior Montney Assets from NuVista Energy Acquisition

Ovintiv Inc. (NYSE:OVV) is one of the most undervalued NYSE stocks to buy right now. On November 18, Wells Fargo analyst Hanwen Chang raised the firm’s price target on Ovintiv to $42 from $38 and kept an Equal Weight rating on the shares. This upgrade was announced as Chang noted that the NuVista Energy acquisition provides Ovintiv with superior Montney assets, boosting productivity and unlocking the potential for over 5% oil growth without significant midstream capital expenditure. Earlier this month, on ...