Ovintiv Inc. (OVV:CA) — National Bank maintained its Outperform rating and raised its price target to C$129.00 from C$118.00. The target change represents a 9.3% increase. Ovintiv’s second-quarter update highlighted its Montney and Permian operations and continued progress on its balance sheet. Looking ahead, investors will be watching whether drilling efficiency and disciplined investment sustain free cash flow and shareholder returns, with oil and natural-gas prices determining how quickly debt can be reduced.
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