Morgan Stanley Maintains Equal-Weight on Devon Energy, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Devon Energy (NYSE:DVN) and raised the price target from $49 to $50.
July 18, 2023 | 1:59 pm
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Devon Energy's price target has been raised from $49 to $50 by Morgan Stanley, which maintains an Equal-Weight rating on the stock.
The raised price target indicates that the analyst sees potential for the stock's price to increase. This could lead to positive sentiment among investors, potentially driving the stock price up in the short term.
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