UBS Maintains Neutral on Devon Energy, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein has maintained a Neutral rating on Devon Energy (NYSE:DVN) and reduced the price target from $54 to $52.
November 14, 2023 | 6:33 pm
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NEGATIVE IMPACT
UBS has maintained a Neutral rating on Devon Energy and lowered the price target from $54 to $52.
The reduction in price target by UBS suggests a slightly less optimistic outlook on Devon Energy's stock price performance in the short term, which could lead to a negative impact on investor sentiment and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100