BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio
Bank of America raised its price target for Devon Energy (DVN) to $46 from $45, maintaining a Buy rating due to the company's resilient portfolio and low breakeven points, despite a cautious stance on the broader oil market. In contrast, Scotiabank downgraded DVN to Sector Perform from Sector Outperform, lowering its price target to $41, attributing the valuation shift to the stock's significant outperformance in 2025. The article also notes that while DVN has growth potential, some AI stocks are seen as holding greater promise for higher returns with limited downside risk.
https://www.insidermonkey.com/blog/bofa-lifts-devon-energy-dvn-pt-to-46-favoring-its-resilient-portfolio-1678759/