Piper Sandler Maintains Overweight Rating for Devon Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Overweight rating for Devon Energy (NYSE:DVN) and lowered its price target from $87.00 to $82.00. Devon Energy's shares are trading down 0.14% at $47.65 per share.
May 18, 2023 | 5:00 pm
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Piper Sandler maintains Overweight rating for Devon Energy and lowers price target from $87 to $82. Shares are trading down 0.14% at $47.65.
Piper Sandler's decision to maintain its Overweight rating for Devon Energy indicates a positive outlook for the company. However, the lowering of the price target from $87 to $82 may cause some uncertainty among investors. The stock is currently trading down 0.14% at $47.65, which may reflect this mixed sentiment. In the short term, the impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100