Raymond James Maintains Outperform on Devon Energy, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained an Outperform rating on Devon Energy (NYSE:DVN) but has reduced the price target from $53 to $52.

January 24, 2024 | 8:02 pm
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NEUTRAL IMPACT
Devon Energy's Outperform rating is maintained by Raymond James, but the price target is lowered from $53 to $52.
The reduction in price target by Raymond James is a minor adjustment, suggesting a slight change in valuation rather than a fundamental shift. The Outperform rating indicates that the analyst still sees positive performance potential for DVN, but the price target cut could slightly dampen investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100