Morgan Stanley Maintains Overweight on Devon Energy, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Devon Energy (NYSE:DVN) and increased the price target from $49 to $50.

April 15, 2024 | 4:18 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Devon Energy and raises the price target from $49 to $50.
The increase in the price target by a reputable analyst firm like Morgan Stanley suggests a positive outlook on Devon Energy's stock, likely due to strong fundamentals or growth prospects. This endorsement could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100