Mizuho Maintains Buy on Devon Energy, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on Devon Energy (DVN) and raises the price target from $53 to $57.
May 02, 2024 | 11:48 am
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Mizuho analyst Nitin Kumar reaffirms a Buy rating on Devon Energy and increases the price target to $57 from $53.
The upgrade in the price target by a reputable analyst like Nitin Kumar from Mizuho signals a strong confidence in Devon Energy's future performance. This is likely to be viewed positively by investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100