Devon Energy (DVN) PT Raised to $50 at Susquehanna

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Benchmark Starts Devon Energy (DVN) at Hold

October 26, 2021 6:56 AM EDT

Benchmark analyst Subash Chandra initiates coverage on Devon Energy (NYSE: DVN) with a Hold rating on valuation.

The analyst commented, "Companies lose NAV sensitivity to commodity prices as they lower operating and financial leverage. Equity investors may then seek higher yields to... More