Citi lowered the firm’s price target on Devon Energy (DVN) to $43 from $46 and keeps a Buy rating on the shares. The company’s Eagle Ford production is likely experiences a “brief dip” post dissolution of the partnership with BP, the analyst tells investors in a research note. The firm expects Devon’s Q1 earnings call to revolve around targets for improving operating costs and capital efficiency, along with the potential sale of equity investments and management’s view on market value.
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