Mizuho lowered the firm’s price target on Devon Energy to $54 from $58 and keeps a Buy rating on the shares. The analyst updated the company’s model to reflect the Q3 report. Devon had to reset the bar lower on Q4 and 2024 volume expectations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DVN:
- Devon Energy Q4 capital expected to range from $870M-$930M
- Devon Energy reports Q3 adjusted EPS $1.65, consensus $1.47
- Devon Energy Reports Third-Quarter 2023 Results, Declares Quarterly Dividend and Provides Preliminary 2024 Outlook
- Options Volatility and Implied Earnings Moves Today, November 07, 2023
- Devon Energy (DVN) Q3 Earnings Cheat Sheet