Ovintiv price target raised to $54 from $52 at Jefferies

Core Viewpoint - Jefferies analyst Lloyd Byrne has raised the price target for Ovintiv (OVV) to $54 from $52 while maintaining a Buy rating on the shares, anticipating inline Q4 results and potential catalysts for share re-rating in 2026 due to durable free cash flow and Mid-con asset sale [1] Group 1 - Jefferies has increased the price target for Ovintiv to $54 from $52 [1] - The firm maintains a Buy rating on Ovintiv shares [1] - Expected inline Q4 results for Ovintiv [1] Group 2 - Ovintiv's durable free cash flow is seen as a positive factor [1] - The Mid-con asset sale is identified as a catalyst for share re-rating in 2026 [1]