RBC Capital Maintains Sector Perform on Devon Energy, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold maintains a Sector Perform rating on Devon Energy (DVN) and raises the price target from $55 to $57.

May 09, 2024 | 4:43 pm
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RBC Capital analyst Scott Hanold maintains a Sector Perform rating on Devon Energy and raises the price target from $55 to $57.
The increase in price target from $55 to $57 by RBC Capital indicates a positive outlook on Devon Energy's stock, suggesting potential upside. This adjustment reflects an analyst's confidence in the company's future performance, which could influence investor sentiment and drive short-term price movement upwards.
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IMPORTANCE 75
RELEVANCE 90