Friday, November 5, 2010

Citigroup (NYSE:C) Raises Devon Energy (NYSE:DVN) PT

Citigroup (NYSE:C) raised the price target they have on Devon Energy (NYSE:DVN), while maintaining a "Hold" rating on the energy company.

Earnings per share for the full year was also lowered from $5.76 to $5.73 for 2010, and from $5.23 to $5.96 for 2011.

Devon rose with the rest of the commodity and energy sector Thursday, closing the trading day at $69.60, gaining $1.38, or 2.02 percent.

Citigroup raised their price target on Devon from $68 to $72.

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