Truist Securities Maintains Buy on Devon Energy, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Devon Energy but lowered the price target from $60 to $49.
September 30, 2024 | 2:16 pm
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Truist Securities has maintained a Buy rating on Devon Energy but lowered the price target from $60 to $49, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Devon Energy's prospects, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100