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Cenovus Energy (NYSE:CVE) (TSE:CVE) had its price target increased by equities researchers at TD Securities from $7.00 to $10.50 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the oil and gas company’s stock. TD Securities’ target price would suggest a potential upside of 60.80% from the company’s previous close. Several other equities analysts have also weighed in on CVE. National Bank Financial lifted their price objective on Cenovus Energy and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets reduced their price objective on Cenovus Energy from $7.50 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, October 30th. BidaskClub raised Cenovus Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley raised Cenovus Energy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $6.00 to $9.00 in a research note on Friday, December 11th. Finally, Stifel Firstegy raised Cenovus Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 26th. Two investment analysts […]
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