Goldman Sachs Upgrades Devon Energy to Buy, Lowers Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Neil Mehta has upgraded Devon Energy (NYSE:DVN) from Neutral to Buy, while lowering the price target from $63 to $58.
June 13, 2023 | 9:13 am
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Devon Energy (NYSE:DVN) has been upgraded from Neutral to Buy by Goldman Sachs analyst Neil Mehta, with a reduced price target of $58.
The upgrade from Neutral to Buy indicates a positive outlook for Devon Energy's stock in the short term. However, the lowered price target from $63 to $58 suggests a more conservative valuation. The news is directly related to DVN and is important for investors, as analyst ratings can influence stock prices.
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