RBC Capital Maintains Sector Perform on Devon Energy, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has maintained a 'Sector Perform' rating on Devon Energy (NYSE:DVN) but lowered the price target from $63 to $60.
July 13, 2023 | 3:05 pm
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Devon Energy's price target has been lowered from $63 to $60 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the short-term value of Devon Energy's stock. However, the maintenance of the 'Sector Perform' rating suggests that the company is still expected to perform on par with other companies in the sector.
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