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Actionable news in DVN: DEVON ENERGY CORPORATION,

Devon Energy (DVN) Stock Downgraded at Raymond James

NEW YORK (TheStreet) -- Devon Energy's (DVN) stock rating was cut to "market perform" from "outperform" at Raymond James on Tuesday.

The downgrade is due to valuation. The firm believes positive catalysts are largely played out and reflected in the share price, the Fly reports.

Shares of Devon closed lower on Tuesday as oil prices were mixed. Hopes are waning for imminent action to address a global oversupply, Reuters noted.

Crude oil (WTI) was up 0.95%...


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