Devon Energy price target lowered to $55 from $62 at JPMorgan
JPMorgan lowered the firm's price target on Devon Energy to $55 from $62 and keeps an Overweight rating on the shares. The firm is modeling total production volumes of 1,384 MBoe/d at about $4.89B of capex for 2026, the analyst tells investors in a Q2 preview. For Q2, the firm is anticipating a slight oil beat and upsi