Piper Sandler Maintains Overweight on Devon Energy, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Devon Energy (DVN) and raises the price target from $59 to $60.
April 19, 2024 | 5:40 pm
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POSITIVE IMPACT
Piper Sandler maintains an Overweight rating on Devon Energy and raises the price target from $59 to $60.
The increase in price target by Piper Sandler suggests a positive outlook on Devon Energy's stock, likely due to anticipated performance improvements or favorable market conditions. This analyst endorsement can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100