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Enter Symbol:
Rating: DVN
Sell $37

Devon Energy Corporation (NYSE: DVN) downgraded to Sell with price target $37 by UBS

Tuesday,  Dec 8, 2015  2:25 PM ET by Betsy O'Brien Harrison

UBS downgraded Devon Energy Corporation (NYSE: DVN) to Sell with price target $37. Previously UBS downgraded to Devon
Energy Corporation (NYSE: DVN) to Neutral with price target $70 on 02/18/2015, when the stock price was $64.11. Since then, Devon Energy Corporation's stock price has lost 45% as of 12/08/2015's recent price of $35.51.

Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration, development and production, and in the acquisition of producing properties. Devon currently owns oil and gas properties concentrated in four operating divisions: the Northern Division; the Southern Division,; Canada; and the International Division.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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