Piper Sandler Maintains Overweight on Devon Energy, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Devon Energy (DVN) and raises the price target from $60 to $61.
May 14, 2024 | 11:51 am
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POSITIVE IMPACT
Piper Sandler's updated rating and increased price target for Devon Energy reflects a positive outlook on the company's stock, suggesting potential upside.
The increase in price target by a reputable analyst like Mark Lear from Piper Sandler usually signals a strong conviction in the company's future performance. This can often lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100