UPDATE: J.P. Morgan Downgrades Devon Energy Corp. to Neutral, Raises PT on Skepticism About Changes
May 23, 2013 at 10:16 AM EDT
In a report published Thursday, J.P. Morgan analyst Joseph Allman downgraded Devon Energy Corp. (NYSE: DVN ) from Overweight to Neutral, but raised the price target from $61.50 to $62.50. In the report, J.P. Morgan noted, “We are downgrading DVN to Neutral from Overweight. Although we expect to hear DVN's
