Piper Sandler Maintains Overweight on Devon Energy, Lowers Price Target to $71
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 $82 to $71.
June 13, 2023 | 4:22 pm
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Piper Sandler maintains an Overweight rating on Devon Energy (NYSE:DVN) but lowers the price target from $82 to $71.
The news directly mentions Devon Energy (NYSE:DVN) and the lowered price target by Piper Sandler. While the Overweight rating is maintained, the reduced price target may have a neutral short-term impact on the stock price as it indicates a lower expected return, but still a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100