Raymond James analyst John Freeman lowered the firm’s price target on Devon Energy (DVN) to $46 from $54 and keeps an Outperform rating on the shares. The firm cites the oil price pullback for the price target decrease. Devon beat expectations across the board in Q4, driven by Grayson Mill and a surprising uplift in Eagle Ford production, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DVN:
- Devon Energy Board Member John Krenicki Jr. to Retire
- Devon Energy price target lowered to $50 from $58 at Siebert Williams
- Devon Energy price target raised to $55 from $54 at Piper Sandler
- Devon Energy call volume above normal and directionally bullish
- Early notable gainers among liquid option names on February 20th
Questions or Comments about the article? Write to editor@tipranks.com