Bernstein Downgrades Devon Energy to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Bob Brackett has downgraded Devon Energy (NYSE:DVN) from Outperform to Market Perform.

October 17, 2023 | 8:13 am
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Devon Energy has been downgraded from Outperform to Market Perform by Bernstein analyst Bob Brackett.
Analyst ratings often have a significant impact on a company's stock price. A downgrade from Outperform to Market Perform suggests that the analyst believes the company's stock will perform similarly to the overall market, rather than outperforming it. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100