Piper Sandler Maintains Overweight on Devon Energy, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Devon Energy (NYSE:DVN) but lowers the price target from $87 to $82.
May 18, 2023 | 1:07 pm
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Piper Sandler maintains an Overweight rating on Devon Energy (NYSE:DVN) and lowers the price target from $87 to $82.
Piper Sandler's lowered price target for Devon Energy may cause short-term uncertainty among investors, but the maintained Overweight rating indicates a positive outlook for the stock. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100