Seaport Research Partners Upgrades Devon Energy (NYSE:DVN) to Strong-Buy
MarketBeat
Seaport Research Partners has upgraded Devon Energy (NYSE:DVN) to a "strong-buy" rating, contributing to the stock's overall "Moderate Buy" consensus rating among analysts, with an average price target of $59.23. The company recently exceeded Q2 earnings expectations, reporting $1.57 EPS against an estimated $1.40, and revenue surged 73.1% year-over-year to $7.42 billion. DVN shares opened at $48.73, and institutional investors and hedge funds hold a significant 69.72% stake in the company.
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