Scotiabank Lowers Devon Energy (DVN) Price Target to $41 | DVN S

NodeGuardian · 2026-03-15T15:39:50+00:00

Scotiabank lowered its price target for Devon Energy from $45.00 to $41.00 while maintaining a Sector Perform rating, reflecting market conditions. Despite this, analysts suggest a potential upside for DVN based on updated targets.

NodeGuardian

2026-03-15 15:39:50

Abstract generation in progress

Scotiabank has maintained its Sector Perform rating for Devon Energy (DVN) but lowered its price target from $45.00 to $41.00, citing current market conditions and company performance. This adjustment by analyst Paul Cheng implies an 8.89% decrease in the target price. Despite this, other analysts have recently raised their price targets for DVN, with the average target from 27 analysts suggesting a 10.56% upside, and GuruFocus estimating a 12.03% upside based on fair value.

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