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Stock impact report

Cenovus Energy (CVE) Price Target Raised to $29 [Yahoo! Finance]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Company Research Source: Yahoo! Finance
Cenovus Energy (CVE) Price Target Raised to $29 Cenovus Energy Inc. (NYSE:CVE) is an integrated energy company that operates across the full oil and natural gas value chain in exploration, production, refining, transportation, and retail. On March 12, Goldman Sachs bumped its price target on Cenovus Energy Inc. (NYSE:CVE) from $22 to $29, while keeping a ‘Buy' rating on the shares. The revised target, which reflects an upside of over 24% from the current levels, comes as the analyst firm updated its estimates across the major US and Canadian oil producers to reflect the recent supply disruptions in the Middle East. Cenovus Energy Inc. (NYSE:CVE) also received a lift earlier on March 10 when Veritas upgraded the stock from ‘Sell' to ‘Buy', while assigning it a price target of C$35. Cenovus Energy Inc. (NYSE:CVE) has also benefited from the sharp surge in crude oil prices amid the supply disruptions caused by the US-Iran war. With Brent crude oil price currently hovering above Show less Read more
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