BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio

Devon Energy Corporation (NYSE:DVN) is one of the best large cap value stocks to buy in 2026. On January 16, Bank of America raised its price target on Devon Energy to $46 from $45 while maintaining a Buy rating. Heading into 2026, the firm maintains a cautious stance on the broader oil market. BofA is prioritizing companies with resilient portfolios and low breakeven points. However, Scotiabank downgraded Devon Energy to Sector Perform from Sector Outperform, while lowering the price target to $41 from $ ...