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Fly News Breaks for August 29, 2018
DVN
Aug 29, 2018 | 07:01 EDT
Barclays analyst Jeanine Wai started Devon Energy with an Overweight rating and $49 price target. The analyst initiated coverage of eight large-cap and three smid-cap Exploration & Production companies in the North America oil & gas industry with a Positive view. Increased capital discipline, technology-driven efficiency gains, "fortified" balance sheets and a supportive oil price outlook should drive improving shareholder returns and stock price performance, Wai tells investors in a research note.
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