UBS Maintains Neutral on Devon Energy, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein has maintained a Neutral rating on Devon Energy (NYSE:DVN) but has reduced the price target from $52 to $48.
December 14, 2023 | 4:31 pm
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NEGATIVE IMPACT
UBS analyst Josh Silverstein maintains a Neutral rating on Devon Energy and lowers the price target from $52 to $48.
The reduction in price target by UBS suggests a more conservative valuation of Devon Energy, which could lead to a negative perception among investors and potentially a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100