Scotiabank Maintains Sector Outperform on Devon Energy, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Outperform rating on Devon Energy (DVN) and increased the price target from $53 to $67.
April 11, 2024 | 4:00 pm
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Scotiabank has reaffirmed its Sector Outperform rating on Devon Energy and raised its price target from $53 to $67.
The upgrade in the price target by Scotiabank reflects a positive outlook on Devon Energy's stock, likely due to expected performance improvements or favorable market conditions in the energy sector. This analyst endorsement can lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100