Mizuho Maintains Buy on Devon Energy, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Devon Energy (NYSE:DVN) but has reduced the price target from $54 to $53.

January 11, 2024 | 4:41 pm
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Mizuho has maintained a Buy rating on Devon Energy but lowered the price target from $54 to $53, indicating continued confidence with a slightly reduced growth expectation.
The reduction in price target is minor, suggesting only a slight change in the expected performance of Devon Energy. As the rating remains a Buy, the overall impact on the stock is likely to be neutral in the short term, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100