Cenovus Energy is trading 4.4% up now at $34.38 in after-hours trading after Raymond James raised its price target to C$51 from C$46 while maintaining an Outperform rating.
- Reported institutional buying also accompanied the move.
- The broader September 17 risk-on rally saw the S&P 500 up 1.05% and Nasdaq Composite up 1.68%.
- No new post-close earnings release or major corporate announcement was verified.