The Globe and Mail reports in its Thursday, Nov. 23, edition that Citi analyst Scott Gruber has boosted his recommendation for Ovintiv to "buy" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Gruber's share target edged ahead by $4 (U.S.) to $52 (U.S.). Analysts on average target Ovintiv shares at $58.39. Mr. Gruber says the stock is "attractively" valued. Mr. Gruber says in a note: "Ovintiv has experienced a solid run of late, but the stock also collapsed earlier this year. YTD, the stock has underperformed peers and is down 11 per cent. We see better performance in early FY2024 given upside to production estimates, as we sit 2 per cent above consensus on oil and condensate. We believe their 200mbo/d plateau will rise after assessing performance on recent wells from the Midland acreage acquired earlier this year. Later in FY2024, we see continued outperformance on the anticipation that gas markets tighten in FY2025. This not only would improve cash flow but could spur better appreciation for Ovintiv's Montney position. We find Ovintiv trading attractively relative to its inventory life in part due to a heavier discount on its Canadian gas position."