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DVN

Devon Energy

$30.60

-0.7 (-2.24%)

06:29
05/20/19
05/20
06:29
05/20/19
06:29

Devon Energy resumed with an Outperform at Wells Fargo

Wells Fargo resumed coverage of Devon Energy with an Outperform rating and $40 price target. With the assets in place to generate "significant" cash returns along with management's commitment to cash returns, shares of Devon offer valuation upside, Wells says in a research note.

  • 05

    Jun

DVN Devon Energy
$30.60

-0.7 (-2.24%)

01/16/19
LEHM
01/16/19
NO CHANGE
LEHM
Barclays upgrades Concho, downgrades Devon, Centennial and Callon
Barclays analyst Jeanine Wai upgraded Concho Resources (CXO) to Overweight from Equal Weight while downgrading both Devon Energy (DVN) and Callon Petroleum (CPE) to Equal Weight from Overweight and double downgrading Centennial Resource Development (CDEV) to Underweight from Overweight. Sustainable free cash flow with growth continues to be the "holy grail" in Exploration and Production, Wai tells investors in a research note. In 2019 the analyst thinks there will be a "distinct bifurcation" among stocks and the "line in the sand" is sustainable free cash flow yield plus growth. Barring a more imminent oil price recovery, Centennial Resource will likely underperform as valuation climbs due to continued cash burn and decelerating cash flow growth, says the analyst. Further, despite carrying some momentum, Callon's valuation screens rich "given less visibility on its journey" to positive free cash flow, adds Wai.
02/21/19
GUGG
02/21/19
NO CHANGE
Target $49
GUGG
Buy
Devon Energy removed from Best Ideas List at Guggenheim
Guggenheim analyst Subash Chandra removed Devon Energy from the Best Ideas List and trimmed its price target to $46 from $49, maintaining a Buy rating. Chandra said the reasons for the addition, the return of capital from non-core asset sales, have largely passed and the sales funded on of the largest "pound for pound" share buybacks in the sector.
03/01/19
RBCM
03/01/19
DOWNGRADE
RBCM
Sector Perform
Devon Energy downgraded to Sector Perform from Outperform at RBC Capital
03/01/19
03/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. L Brands (LB) downgraded to Market Perform from Outperform at Bernstein with analyst Jamie Merriman saying her Outperform rating was based on a view that investors were paying for Bath & Body Works with a free option on Victoria's Secret. 2. American Airlines (AAL) and Delta Air Lines (DAL) downgraded to Hold from Buy at Deutsche Bank. 3. Devon Energy (DVN) downgraded to Sector Perform from Outperform at RBC Capital. 4. O'Reilly Automotive (ORLY) downgraded to Neutral from Overweight at Atlantic Equities with analyst Sam Hudson citing valuation and raised his price target to $400 from $370. 5. Maxar Technologies (MAXR) downgraded to Hold from Speculative Buy at TD Securities and to Underperformer from Neutral at CIBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NTRS

Northern Trust

$85.86

-1.3 (-1.49%)

06:36
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06:36
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  • 24

    Jul

BK

BNY Mellon

$43.95

-0.54 (-1.21%)

06:36
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BNY Mellon rating change  »

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    Aug

PSN

Parsons

$31.33

-0.39 (-1.23%)

06:36
06/18/19
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06:36
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06:36
Earnings
Parsons reports Q1 adj. EPS 57c, consensus 13c »

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  • 18

    Jun

SCHW

Charles Schwab

$40.60

-0.41 (-1.00%)

06:36
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06:36
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Charles Schwab rating change  »

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  • 27

    Oct

ALXN

Alexion

$120.11

2.17 (1.84%)

06:35
06/18/19
06/18
06:35
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06:35
Hot Stocks
Alexion announces approval of Ultomiris in Japan »

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  • 28

    Jun

GCP

GCP Applied Technologies

$26.36

-0.3 (-1.13%)

06:34
06/18/19
06/18
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06:34
Hot Stocks
GCP Applied Technologies to pursue standalone strategic plan »

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NRZ

New Residential

$15.58

0.12 (0.78%)

06:33
06/18/19
06/18
06:33
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06:33
Hot Stocks
New Residential enters into APA to acquire forward assets of Ditech Financial »

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MRK

Merck

$83.30

0.52 (0.63%)

, AZN

AstraZeneca

$39.98

0.3 (0.76%)

06:32
06/18/19
06/18
06:32
06/18/19
06:32
Hot Stocks
Merck, AstraZeneca announce LYNPARZA approved in EU »

AstraZeneca (AZN) and…

MRK

Merck

$83.30

0.52 (0.63%)

AZN

AstraZeneca

$39.98

0.3 (0.76%)

03/08/13
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  • 20

    Jun

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    Jun

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    Jun

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    Jul

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    Jul

  • 06

    Aug

  • 16

    Sep

  • 20

    Sep

TTMI

TTM Technologies

$9.46

0.05 (0.53%)

06:32
06/18/19
06/18
06:32
06/18/19
06:32
Recommendations
TTM Technologies analyst commentary  »

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BCE

BCE

$44.29

-0.345 (-0.77%)

06:27
06/18/19
06/18
06:27
06/18/19
06:27
Upgrade
BCE rating change  »

BCE upgraded to Buy from…

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  • 01

    Aug

JPM

JPMorgan

$109.20

-0.64 (-0.58%)

, GS

Goldman Sachs

$190.74

-0.97 (-0.51%)

06:25
06/18/19
06/18
06:25
06/18/19
06:25
Periodicals
JPMorgan working on secretive digital banking project, TechCrunch reports »

JPMorgan (JPM) is working…

JPM

JPMorgan

$109.20

-0.64 (-0.58%)

GS

Goldman Sachs

$190.74

-0.97 (-0.51%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 18

    Jun

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    Jul

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    Jul

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    Jul

  • 06

    Aug

ARRY

Array BioPharma

$46.42

16.83 (56.88%)

06:22
06/18/19
06/18
06:22
06/18/19
06:22
Downgrade
Array BioPharma rating change  »

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TSLA

Tesla

$225.00

10.19 (4.74%)

06:21
06/18/19
06/18
06:21
06/18/19
06:21
Periodicals
Musk deletes tweet attacking Tesla co-founder Eberhard, Business Insider reports »

Tesla CEO Elon Musk…

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DIS

Disney

$140.95

-0.69 (-0.49%)

06:19
06/18/19
06/18
06:19
06/18/19
06:19
Recommendations
Disney analyst commentary  »

Media survey shows strong…

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  • 25

    Jun

RTN

Raytheon

$179.77

2.39 (1.35%)

06:18
06/18/19
06/18
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06:18
Hot Stocks
Raytheon, Black Sage partner on drone detection »

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TGI

Triumph Group

$18.69

-1.37 (-6.83%)

06:17
06/18/19
06/18
06:17
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06:17
Hot Stocks
Triumph Group unit to provide engineering services for Mitsubishi Aircraft »

Triumph Group announced…

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  • 18

    Jul

AZN

AstraZeneca

$39.98

0.3 (0.76%)

, MRK

Merck

$83.30

0.52 (0.63%)

06:16
06/18/19
06/18
06:16
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06:16
Hot Stocks
AstraZeneca's Lynparza approved as 1st line ovarian cancer maintenance treatment »

AstraZeneca (AZN) and…

AZN

AstraZeneca

$39.98

0.3 (0.76%)

MRK

Merck

$83.30

0.52 (0.63%)

03/08/13
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  • 20

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  • 06

    Aug

  • 16

    Sep

  • 20

    Sep

TGI

Triumph Group

$18.69

-1.37 (-6.83%)

06:15
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06/18
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06:15
Hot Stocks
Triumph Group, Air France announce strategic alliance »

Triumph Group and Air…

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  • 18

    Jul

UTX

United Technologies

$124.14

-1.16 (-0.93%)

06:14
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06:14
Hot Stocks
United Technologies' Collins Aerospace secures more than $1.5B in agreements »

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NVDA

Nvidia

$144.98

0.39 (0.27%)

, VOLVY

Volvo

$0.00

(0.00%)

06:12
06/18/19
06/18
06:12
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06:12
Hot Stocks
Nvidia, Volvo partner to develop AI platform for autonomous trucks »

The Volvo Group (VOLVY)…

NVDA

Nvidia

$144.98

0.39 (0.27%)

VOLVY

Volvo

$0.00

(0.00%)

03/08/13
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  • 09

    Jul

  • 15

    Aug

AL

Air Lease

$38.66

-0.185 (-0.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:12
06/18/19
06/18
06:12
06/18/19
06:12
Hot Stocks
Air Lease announces lease placement of 6 new Airbus A330-900neos with Virgin »

Air Lease (AL) announced…

AL

Air Lease

$38.66

-0.185 (-0.48%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 13

    Nov

WHD

Cactus

$30.63

-0.505 (-1.62%)

06:10
06/18/19
06/18
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06:10
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Cactus analyst commentary  »

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VWAGY

Volkswagen

$0.00

(0.00%)

06:10
06/18/19
06/18
06:10
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06:10
Hot Stocks
Volkswagen aims to boost in-house software development to 60% by 2025 »

Volkswagen AG said in a…

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AL

Air Lease

$38.66

-0.185 (-0.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:10
06/18/19
06/18
06:10
06/18/19
06:10
Hot Stocks
Air Lease announces lease placement of 3 new Airbus A321-200neo with Sky Airline »

Air Lease (AL) announced…

AL

Air Lease

$38.66

-0.185 (-0.48%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 13

    Nov

SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

, EADSY

Airbus

$0.00

(0.00%)

06:09
06/18/19
06/18
06:09
06/18/19
06:09
Hot Stocks
Spirit AeroSystems announces role across four projects on Airbus program »

Spirit AeroSystems (SPR)…

SPR

Spirit AeroSystems

$79.73

1.16 (1.48%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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