Devon Energy price target lowered to $71 from $84 at Bernstein

Bernstein analyst Bob Brackett lowered the firm’s price target on Devon Energy to $71 from $84 and keeps an Outperform rating on the shares. Devon hosted 4Q results on Wednesday, and featured as the worst performing stock in the S&P500 midweek — down 10% — amidst a bad energy tape, the firm notes.