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Devon Energy (DVN) is initiated with an Outperform rating and $74 price target by Credit Suisse,...

Devon Energy (DVN) is initiated with an Outperform rating and $74 price target by Credit Suisse, which expects structural logistical upgrades, further evidence of DVN's capital efficient model and improving gas sentiment in 2013. The firm also starts Denbury Resources (DNR) and Plains Exploration (PXP) at Neutral with respective $18.50 and $45 price targets.
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