Mizuho Maintains Outperform on Devon Energy, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains an Outperform rating on Devon Energy but lowers the price target from $53 to $51.
October 09, 2024 | 12:47 pm
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Mizuho analyst Nitin Kumar maintains an Outperform rating on Devon Energy but lowers the price target from $53 to $51, indicating a slightly less optimistic outlook.
The Outperform rating suggests continued confidence in Devon Energy's performance, but the lowered price target indicates a slightly less optimistic view on its short-term price potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100