EnLink Midstream Reports Fourth Quarter and Full-Year 2016 Results, Reaffirms 2017 Guidance, and Provides Operational Update

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Devon Energy (DVN) PT Raised to $62 at KLR Group

February 15, 2017 1:16 PM EST

KLR Group raised its price target on Devon Energy (NYSE: DVN) to $62.00 (from $53.00) while maintaining a Buy rating.

Analyst John Gerdes commented, "We are increasing our DVN target price $9 to $62 per share due to approximately 10% lower capital intensity (focus on core plays),... More