Barclays cuts Devon Energy price target to $57 from $60, keeps Overweight rating
Barclays lowered its Devon Energy price target to $57 from $60 and kept an Overweight rating. The bank also maintained Overweight on Compass.
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what happened
Barclays cut its price target for oil and gas producer Devon Energy (DVN) to $57 a share from $60, while keeping its Overweight recommendation. Dow Jones Newswires reports the change, citing ratings data from Benzinga. Separately, Barclays maintained its Overweight rating on Compass (COMP). The material includes no further details.
why it matters
Changes like these are routine updates from analysts. A revised price target rarely moves the market on its own, but it shows how the bank's valuation of the stock is shifting alongside prices and sector expectations. The key point is that the rating remains positive.
tags
instruments
sources
- Devon Energy Is Maintained at Overweight by Barclays — Dow Jones Newswires, 6 November 2026 at 16:18 UTC
- Compass Is Maintained at Overweight by Barclays — Dow Jones Newswires, 6 November 2026 at 16:16 UTC
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