Morgan Stanley Maintains Equal-Weight on Devon Energy, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Devon Energy (NYSE:DVN) and lowered the price target from $51 to $50.
October 17, 2023 | 2:07 pm
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Morgan Stanley has maintained an Equal-Weight rating on Devon Energy and lowered the price target from $51 to $50.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Devon Energy in the short term. This is because the new price target suggests a lower valuation for the company.
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