Truist Securities Maintains Buy on Devon Energy, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Devon Energy (DVN) but lowers the price target from $69 to $67.

May 03, 2024 | 1:55 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Devon Energy but lowers the price target from $69 to $67.
The adjustment in price target by Truist Securities reflects a slight change in valuation expectation for Devon Energy, though the Buy rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term, as the market digests the lower price target against the backdrop of a maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100