Skip to main content

Market Overview

UPDATE: Raymond James Resumes Coverage on Cenovus Energy on Attractive Entry Point


In a report published Tuesday, Raymond James analyst Chris Cox resumed coverage on Cenovus Energy (NYSE: CVE) with an Outperform rating and $38.50 price target.

In the report, Raymond James noted, “We are resuming coverage on Cenovus Energy Inc. (Cenovus) with an Outperform rating and $38.50 target price. We believe the noticeable underperformance of the shares in 2013 (-16% vs. the TSX Energy Index) represents an attractive entry point for what we believe to be a top-tier energy company in the Canadian capital markets.”

Cenovus Energy closed on Monday at $29.33.

Latest Ratings for CVE

Jan 2021CIBCInitiates Coverage OnOutperformer
Jan 2021BarclaysDowngradesOverweightEqual-Weight
Dec 2020Morgan StanleyUpgradesUnderweightEqual-Weight

View More Analyst Ratings for CVE
View the Latest Analyst Ratings


Related Articles (CVE)

View Comments and Join the Discussion!

Posted-In: Chris Cox Raymond JamesAnalyst Color Initiation Analyst Ratings

Latest Ratings

IMCRGoldman SachsInitiates Coverage On40.0
RCELPiper SandlerInitiates Coverage On27.0
THNPFExane BNP ParibasInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at