Truist Securities Maintains Buy on Devon Energy, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Devon Energy (DVN) but lowers the price target from $69 to $66.
April 05, 2024 | 5:21 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Devon Energy but lowers the price target from $69 to $66.
While the reduction in price target from $69 to $66 by Truist Securities could be seen as a negative signal, the maintenance of a Buy rating suggests a continued positive outlook on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on DVN's stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100