Barclays lowered the firm’s price target on Devon Energy (DVN) to $43 from $46 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview for the integrated oil exploration and production group. The firm expects 2025 outlooks will show “flattish” activity level with flat-to-down capex. Investor focus will remain on efficiency gains, acquisition integration, and cash return, the analyst tells investors in a research note.
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