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Fly News Breaks for July 5, 2016
DVN
Jul 5, 2016 | 07:16 EDT
Deutsche Bank analyst Ryan Todd expects "increasing crude confidence" and better than expected execution on asset sales to support continued outperformance for Devon Energy shares. He raised his price target for the shares to $45 from $41 and sees a path for the stock to reach his bull-case of $69 per share. Devon has one of the "deepest, highest quality, and still underappreciated asset portfolios among our E&P coverage," Todd tells investors in a research note. He reiterates a Buy rating on Devon Energy.
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