Piper Sandler analyst Mark Lear lowered the firm’s price target on Devon Energy to $85 from $89 and keeps an Overweight rating on the shares after updating the firm’s E&P estimates post-Q4 results and FY23 outlooks as well as revisiting the firm’s commodity price forecasts. Generally, sentiment for the group has "taken a turn for the better," with broadly less capital efficient guidance out of the way, the analyst tells investors.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on DVN:
- Is Now the Time to Buy Devon Energy (NYSE:DVN) Stock?
- Devon Energy price target lowered to $66 from $77 at Citi
- Devon Energy price target lowered to $89 from $96 at Piper Sandler
- Devon Energy price target lowered to $67 from $80 at Raymond James
- Devon Energy price target lowered to $70 from $80 at Truist