Susquehanna analyst Biju Perincheril raised the firm’s price target on Devon Energy (DVN) to $52 from $50 and keeps a Positive rating on the shares. The firm said 4Q results exceeded expectations for both EPS and production. Importantly, the company’s 2025 guidance shows additional capital efficiency improvements. Devon also announced separation of its Eagle Ford joint venture that should further enhance its drilling inventory in the basin.
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