Devon Energy (DVN) Tops Q3 EPS by 4c

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UBS Reiterates Sell on Devon Energy (DVN) - PT to $35

November 2, 2016 9:12 AM EDT

UBS reiterated a Sell rating on Devon Energy (NYSE: DVN), and raised the price target to $35.00 (from $32.00), following the company's 3Q earnings report. DVN reported a $0.03 EPS beat, driven by lower than expected costs & higher oil price realizations. DVN's 4Q16 production guidance of 524-546... More