Stifel Maintains Buy on Devon Energy, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Devon Energy (NYSE:DVN) but has reduced the price target from $79 to $77.

November 27, 2023 | 5:29 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Devon Energy but lowers the price target from $79 to $77.
The reduction in price target by Stifel suggests a slight decrease in the expected future stock performance of Devon Energy, which could lead to a neutral short-term impact on the stock price. The maintenance of a Buy rating, however, indicates continued analyst confidence in the company's fundamentals, which could balance out any negative reaction to the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100