Ovintiv Inc. (OVV) PT Raised to $73; Truist Securities: 'Favorite Name Continues to Shine'

Truist Securities analyst Gabe Daoud raised the price target on Ovintiv Inc. (NYSE: OVV) to $73.00 (from $66.00) while maintaining a Buy rating.

The analyst commented: "Favorite Name Continues to Shine; We update our model following 2Q26 & expect OVV to benefit from continued strong well performance (top public operator in both Permian & Montney) which drives our FY26 oil + condy production estimate above high end of guide from in-line capex. This supports robust FCF generation (14% yield relative to EV) and thus ROC which should accelerate in 2H26 as OVV targets more than 60% of adj. FCF in FY26. Key themes from the call include potential TSX index inclusion, stacked innovations, premium inventory positions, and ROC accelerating. Reiterate Buy rating and our NAV-based PT moves $73/sh vs. $66/sh prior owing to a mark in commodity prices and type curves."

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