BMO Capital Maintains Outperform on Devon Energy, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Phillip Jungwirth maintains an Outperform rating on Devon Energy but lowers the price target from $52 to $48.
October 04, 2024 | 5:15 pm
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BMO Capital has maintained its Outperform rating on Devon Energy but has lowered the price target from $52 to $48, indicating a slightly less optimistic outlook.
The maintenance of an Outperform rating suggests continued confidence in Devon Energy's performance, but the lowered price target indicates a tempered outlook, likely due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100