** Raymond James cuts price target on oil and gas company Devon Energy DVN.N to $46 from $54
** DVN shares down 1.2% in a low-oil-price environment
** New price target represents a 32.5% upside to the stock's last close
** Brokerage lowers price target due to much weaker oil strip, meaning that the expected future prices of oil have gone down since last report
** "We see significant opportunity for efficiency gains in the Eagle Ford this year, as DVN now has full control over the pace and development of the 550 remaining undrilled locations in the Blackhawk Field," - Raymond James
** Including session's moves, stock up 5.1% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。