Devon Energy (DVN +1.3%) is upgraded to Buy from Hold with a $91 price target raised from $81 by...

|About: Devon Energy Corporation (DVN)|By:, SA News Editor

Devon Energy (DVN +1.3%) is upgraded to Buy from Hold with a $91 price target raised from $81 by Goldman Sachs, which feels shares may be ready to break out after several years of underperformance: "DVN is very actively testing new exploration plays in the U.S./Canada, and we believe success can lead to a re-rating of the stock as investors re-evaluate resource/longer-term growth potential."