Citigroup Maintains Buy on Devon Energy, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber has maintained a 'Buy' rating on Devon Energy (NYSE:DVN) but lowered the price target from $57 to $55.

September 20, 2023 | 11:59 am
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Citigroup has maintained a 'Buy' rating on Devon Energy but lowered the price target from $57 to $55.
The news is directly related to Devon Energy as Citigroup has maintained a 'Buy' rating on the company but lowered the price target. This could indicate a slightly less optimistic outlook for the company's stock in the short term, but the maintained 'Buy' rating suggests that Citigroup still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100