Truist Securities Maintains Buy on Devon Energy, Lowers Price Target to $63
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Neal Dingmann has maintained a 'Buy' rating on Devon Energy (NYSE:DVN), but lowered the price target from $69 to $63.

August 04, 2023 | 1:48 pm
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Devon Energy's price target has been lowered from $69 to $63 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100