Reported 1 day ago
Raymond James has raised the price target for Cenovus Energy Inc. (NYSE:CVE) to C$30 from C$29 after the company announced its Q2 2025 earnings, reporting $2.4 billion in operating cash and total revenues of $12.3 billion. Despite a sequential drop in revenues and production challenges due to maintenance and wildfires, the firm maintains an Outperform rating on the shares, highlighting positive developments in production capacity and ongoing projects.
Source: YAHOO