Devon Energy Stock Has 42% Upside, According to 1 Wall Street Firm

This is one of those unusual situations whereby a Wall Street firm lowers its price target on the stock, but even the lowered price target still implies a 42% upside for the stock. That happened recently when Siebert Williams Shank lowered its price target on Devon Energy (DVN 2.14%) from $58 to$50 while maintaining a buy rating on the stock. The price target cutThe case for lowering the price target is entirely plausible. President Donald Trump has called for lower prices, OPEC+ has agreed to raise produc ...