NEW YORK -Since I took economics at Weatherford College, let me explain what this means: Devon will continue to make big bags of money.
So far this year, shares of Devon have jumped 29 percent.Friedman, Billings, Ramsey & Co. analyst Rehan Rashid raised his price target to $140 from $125, implying he expects the stock to rise about 22 percent from Friday's $114.88 close. He kept an "Outperform" rating.
Now let me check into my portfolio and figure out how this effects me. Uh . . . not so much. I'm still banking on a Worldcom and Enron comeback. (And be careful using google images for a "Devon" search. Apparently there's a gal who works in what you boys out there call the "adult industry" - and she ain't camera shy, if you know what I mean.)