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Fly News Breaks for April 15, 2016
DVN
Apr 15, 2016 | 06:17 EDT
Evercore ISI analysts led by Stephen Richardson upgraded Devon Energy to Buy from Hold and raised his price target to $40 from $30. The analyst said Devon has changed its portfolio dramatically and its economics are improving as the company has highlighted rig efficiency gains in the Delaware Bone Spring. Further, Richardson said shares trade at a discount and divestitures have the potential to act as catalysts.
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