Devon Energy’s Midstream Assets Not Fully Recognized

Devon Energy’s (DVN) midstream assets are not fully recognized by the stock market, according to Citigroup, but the oil and gas exploration and production company’s production is expected to grow though the end of the decade. Citigroup analyst Robert Morris upgraded Devon to buy from neutral by on Monday, and its price target was raised to 96 from 75. Still, by midafternoon trade, shares had dipped 0.7% to 78.62 in the stock market today, Monday.

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