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Fly News Breaks for January 15, 2020
DVN
Jan 15, 2020 | 08:12 EDT
JPMorgan analyst Arun Jayaram says Devon Energy is one of his "highest conviction longs" into the Q4 print given potential upside to oil and cash flow forecasts relative to the Street. The analyst thinks the upside surprise will be fueled by strong operating results in the Delaware Basin. He also sees an "intriguing inventory catalyst" that could potentially play out on the Q4. He keeps an Overweight rating on Devon Energy with a $36 price target.
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