Devon Energy price target raised to $80 from $70 at Argus Argus increased its price target on Devon as the firm thinks the company reported solid Q4 results, and expects the company's valuation discount versus its peers to narrow as its transition process continues. The firm thinks that several recent moves by the company are positive but have not yet been fully reflected in the stock's valuation. It keeps a Buy rating on the stock.
Devon Energy upgraded to Accumulate from Neutral at Global Hunter Global Hunter upgraded Devon Energy to Accumulate based on Permian execution, favorable risk/reward, and the potential drop-down of its Canadian pipeline assets into its MLP. Price target lowered to $68 from $80 based on based on a lower commodity price outlook.