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Devon Energy Almost Doubled Since February; Crowd Now Believes It's A 5-Star Stock

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Shares of Devon Energy Corp (NYSE: DVN) are up more than 15.1 percent since the beginning of 2016, and trading at almost double their February low.

Following such a substantial run-up, top raters at the Vetr community decided to upgrade their rating on the stock from 2.5 stars to five stars – out of a possible five-star rating.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

However, it should be noted that only 71 percent of the crowd's ratings are now bullish. In fact, the crowd has established a $38.00 average price target, which implies an upside potential of barely 3.5 percent from current valuations.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Latest Ratings for DVN

DateFirmActionFromTo
Dec 2017Credit SuisseInitiates Coverage OnOutperform
Nov 2017BarclaysMaintainsOverweight
Nov 2017Stephens & Co.UpgradesEqual-WeightOverweight

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings Trading Ideas General

 

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