Devon Energy upgraded by Barclays, sees 52-week high on Coterra merger news.
ByAinvest
Wednesday, Feb 4, 2026 2:23 pm ET1min read
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Devon Energy shares rose 4.5% to a new 52-week high of $43.68 after Barclays upgraded the stock to Overweight with a $50 price target, raised from $52. The bank believes the company's merger with Coterra is transformative, making Devon too cheap and too large to ignore.
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