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UBS Keeps Ovintiv (OVV) as Top E&P Pick, Raises Price Target to $58
Yahoo Finance· 2026-02-24 06:25
Ovintiv Inc. (NYSE:OVV) is among the 15 Undervalued Momentum Stocks That Are Taking Off. On February 18, UBS reiterated Ovintiv Inc. (NYSE:OVV) as its top Oil E&P pick following the announcement of the $3 billion Anadarko Basin divestiture. The firm also raised its price target on the stock from $55 to $58 and reaffirmed a Buy rating. The analyst noted that the combined impact of the NuVista deal and the Anadarko sale helps the company address investor concerns about crude and condensate inventory and l ...