JP Morgan Maintains Overweight on Devon Energy, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram maintains an Overweight rating on Devon Energy but lowers the price target from $64 to $51.
September 12, 2024 | 4:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has maintained its Overweight rating on Devon Energy but reduced the price target from $64 to $51, indicating a more cautious outlook.
The reduction in the price target from $64 to $51 suggests a less optimistic view on Devon Energy's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100