Barclays Maintains Equal-Weight on Devon Energy, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang has maintained an Equal-Weight rating on Devon Energy (NYSE:DVN) but has lowered the price target from $55 to $46.

October 03, 2024 | 3:31 pm
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Barclays has maintained an Equal-Weight rating on Devon Energy but reduced the price target from $55 to $46, indicating a less optimistic outlook.
The reduction in price target from $55 to $46 by Barclays suggests a less optimistic view on Devon Energy's future performance, which could lead to short-term downward pressure on the stock price. The Equal-Weight rating indicates a neutral stance, but the lowered target reflects potential challenges or lower expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100