Tuesday’s analyst upgrades and downgrades
Analysts have provided updates on Cenovus Energy and Vermilion Energy, highlighting positive momentum for Cenovus following recent institutional meetings. RBC's Greg Pardy maintains an 'outperform' rating for Cenovus, raising its target price to $47 due to strong operational performance and future growth potential. Vermilion Energy also received a target price increase to $24, reflecting confidence in its natural gas exploration success in Germany.
- ▪RBC's Greg Pardy noted upbeat institutional meetings with Cenovus Energy, indicating strong operational momentum.
- ▪Pardy raised Cenovus's target price to $47, citing its capable leadership and solid financial performance.
- ▪Vermilion Energy's target price was increased to $24, driven by successful natural gas exploration in Germany.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInside the Market’s roundup of some of today’s key analyst actionsRBC’s Head of Global Energy Research Greg Pardy says recent institutional meetings with Cenovus Energy Inc. (CVE-T) were “quite upbeat and pointed towards unmistakable operating/financial momentum across its portfolio.”“Our constructive stance towards Cenovus reflects its capable leadership team, shareholder alignment, free cash flow generation, inventory depth and much improved execution,” he said in a client report released before the bell.After the meetings in London with chief financial officer Kam Sandhar and vice-president of investor relations Patrick Read, Mr.
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