Scotiabank analyst Kevin Fisk lowered the firm’s price target on Cenovus Energy (CVE) to C$27 from C$30 and keeps an Outperform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.
Cenovus Energy price target lowered to C$27 from C$30 at Scotiabank
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