Morgan Stanley Maintains Overweight on Devon Energy, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott maintains an Overweight rating on Devon Energy (DVN) and raises the price target from $48 to $49.
March 28, 2024 | 6:40 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Devon Energy and raises the price target from $48 to $49.
The increase in the price target by a reputable analyst firm like Morgan Stanley suggests a positive outlook on Devon Energy's stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100