Mizuho Maintains Buy on Devon Energy, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a 'Buy' rating on Devon Energy (NYSE:DVN) but lowered the price target from $62 to $58.
October 12, 2023 | 5:34 pm
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Mizuho has maintained a 'Buy' rating on Devon Energy but lowered the price target from $62 to $58.
While Mizuho has maintained a 'Buy' rating on Devon Energy, the lowering of the price target could potentially create some uncertainty among investors. However, the 'Buy' rating suggests that Mizuho still sees potential in the stock, which could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100