Piper Sandler Maintains Overweight on Devon Energy, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained an Overweight rating on Devon Energy (NYSE:DVN) but lowered the price target from $72 to $65.

August 14, 2023 | 2:21 pm
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NEUTRAL IMPACT
Devon Energy's price target has been lowered from $72 to $65 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100