Citi lowered the firm’s price target on Devon Energy (DVN) to $48 from $55 and keeps a Buy rating on the shares. The firm updated models in the oil and gas exploration and production group following the Q3 reports. It sees opportunities for continuation of recent efficiency improvement trends, potential upside to known synergy capture and efforts to improve longer term gas monetization.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DVN:
- Devon Energy price target raised to $52 from $51 at Morgan Stanley
- Devon Energy price target raised to $57 from $56 at Piper Sandler
- Omega exits stakes in Devon, Las Vegas Sands, KBR, and Paramount Global
- Devon Energy price target lowered to $49 from $50 at Wells Fargo
- Devon Energy downgraded to Hold from Buy at Truist