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Devon Energy (DVN -1.2%) slips after being downgraded to Market Perform at Wells Fargo earlier...

Devon Energy (DVN -1.2%) slips after being downgraded to Market Perform at Wells Fargo earlier today. Wells says the company lacks a niche within the large-cap space and are likely to underperform over the next few quarters. The firm lowers its target range to $65 - $71 from $74 - $80.
Comments (2)
  • rhiannion
    , contributor
    Comments (264) | Send Message
     
    Wells Fargo did so well on the Facebook entre' that they can comment on anything else being on 'downgraded to market perform'; if they can't back the company they are getting paid to perform for but of course they made money shorting or maybe have the unaccounted stocks. So of course they can downgrade Devon, where are all the unaccounted Facebook stocks? Just wondering.
    22 May 2012, 06:21 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    bot some dvn this a.m. at 60.55
    25 May 2012, 09:53 AM Reply Like
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