Devon Energy Corporation shares are trading lower after Piper Sandler maintained an Overweight rating on the stock but lowered its price target from $67 to $61.
Portfolio Pulse from Benzinga Newsdesk
Devon Energy Corporation's stock (DVN) is trading lower after Piper Sandler maintained an Overweight rating but reduced the price target from $67 to $61.
November 16, 2023 | 4:31 pm
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Devon Energy Corporation's stock price is experiencing downward pressure following Piper Sandler's price target reduction from $67 to $61, despite maintaining an Overweight rating.
The reduction in price target by Piper Sandler, despite maintaining an Overweight rating, suggests a reassessment of the stock's future performance potential, which could lead to short-term negative sentiment among investors. This is likely to put downward pressure on DVN's stock price in the short term.
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IMPORTANCE 75
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