Reported 28 days ago
UBS has maintained a Neutral rating on Devon Energy (NYSE:DVN) while increasing its price target from $35 to $37, highlighting the company's strong cost optimization strategy that has led to significant outperformance this year. With anticipated operational expense savings of $400 million out of a planned $1 billion in 2025, Devon Energy is expected to see improvements in free cash flow and margins into 2026. UBS forecasts positive operational performance for the second quarter of 2025, particularly in oil volumes.
Source: YAHOO