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Devon Energy price target lowered to $46 from $48 at Wells Fargo
The Fly

Devon Energy price target lowered to $46 from $48 at Wells Fargo

Wells Fargo lowered the firm’s price target on Devon Energy to $46 from $48 and keeps an Equal Weight rating on the shares. The firm expects a “down the fairway” Q4 print. Dividend update, capital efficiency trends and 2024 activity cadence likely the focus this quarter, Wells adds.

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