---
title: "Jefferies Reaffirms Their Buy Rating on Devon Energy (DVN)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286728558.md"
description: "Jefferies has reaffirmed a Buy rating on Devon Energy (DVN) with a price target of $63.00. Analyst Lloyd Byrne, who has a 22.8% average return and a 62.74% success rate, focuses on the Energy sector. Devon Energy also received a Buy rating from Bernstein, while Evercore ISI initiated coverage with a Hold rating."
datetime: "2026-05-18T06:55:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286728558.md)
  - [en](https://longbridge.com/en/news/286728558.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286728558.md)
---

# Jefferies Reaffirms Their Buy Rating on Devon Energy (DVN)

In a report released yesterday, Lloyd Byrne from Jefferies maintained a Buy rating on Devon Energy, with a price target of $63.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, Canadian Natural, and Cenovus Energy. According to TipRanks, Byrne has an average return of 22.8% and a 62.74% success rate on recommended stocks.

In addition to Jefferies, Devon Energy also received a Buy from Bernstein’s Bob Brackett in a report issued on May 11. However, on May 15, Evercore ISI initiated coverage with a Hold rating on Devon Energy (NYSE: DVN).

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## Related News & Research

- [ARS Investment Partners LLC Sells 50,355 Shares of Devon Energy Corporation $DVN](https://longbridge.com/en/news/286664855.md)
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