Stifel Maintains Buy on Devon Energy, Raises Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield maintains a Buy rating on Devon Energy (DVN) and raises the price target from $65 to $66.
April 23, 2024 | 5:02 pm
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POSITIVE IMPACT
Stifel maintains a Buy rating on Devon Energy and increases the price target to $66.
The upgrade in price target by Stifel reflects a positive outlook on Devon Energy, likely due to the company's strong performance or potential growth prospects. This analyst endorsement can boost investor confidence, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100