Morgan Stanley raised the firm’s price target on Devon Energy (DVN) to $48 from $47 and keeps an Overweight rating on the shares. Within oil, the firm prefers Majors and E&Ps with positive rate of change, such as Devon, the analyst tells investors in a 2026 outlook note for the energy group.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DVN:
- Devon Energy’s Strategic Execution and Operational Excellence Drive Buy Rating
- Devon Energy upgraded to Overweight from Neutral at JPMorgan
- Unusually active option classes on open December 2nd
- Devon Energy price target lowered to $55 from $57 at Piper Sandler
- Devon Energy price target raised to $42 from $40 at Susquehanna