Bernstein lowered the firm’s price target on Devon Energy (DVN) to $42 from $48 and keeps an Outperform rating on the shares. The firm begins 2026 with a balanced view for oil. Bernstein expects choppiness in the near term and sees strength in the longer term.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DVN:
- Devon Energy valuation ‘remains compelling,’ says Roth Capital
- Devon Energy CEO to Speak at Goldman Sachs Energy and Cleantech Conference
- Devon Energy price target raised to $44 from $43 at Citi
- The Week That Was, The Week Ahead: Macro & Markets, Dec. 14
- PayPal, SoundHound, Moderna, Devon, Bristol-Myers: Trending by Analysts