2 Wall Street Analysts Thinks Devon Energy Stock Is Going to $60. Is It a Buy Around $52?

Wall Street continues to warm to the stock as the price of oil stays above $80 a barrel.Piper Sandler followed Wells Fargo's lead recently by raising its price target on Devon Energy (DVN 0.84%) from $59 to $60 and maintaining an overweight rating on the stock. The $60 target implies a 14% upside to the stock price over the next 12 months or so.Dividends, buybacks, and improving productivityDevon Energy investors are looking forward to substantive dividends and buybacks from the company this year, in additi ...