Devon Energy (DVN) November weekly IV bid up into Q3 and outlook

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Devon Energy (DVN) PT Raised to $45 at Jefferies; Reiterates Buy

November 2, 2017 9:26 AM EDT

Jefferies raised its price target on Devon Energy (NYSE: DVN) to $45.00 (from $43.00) while maintaining a Buy rating. DVN has outlined an E&P budget of $2.0-$2.5 Bn for 2018, which would result in free cash flow at the current strip. The company has an eye on... More