US stocks fluctuated | Devon Energy (DVN.US) rose more than 5% JPMorgan Chase called the current stock price attractive

According to the Zhitong Financial APP, on Wednesday, Devon Energy (DVN.US) rose by over 5%, reaching $46.45. Arun Jayaram, an analyst at JPMorgan, believes that Devon Energy currently offers an attractive buying opportunity for the following reasons: both absolute and relative valuations are attractive; there is considerable synergy release potential; there may be future asset portfolio optimization processes to unlock more value; stock valuations are disconnected from fundamentals, providing favorable conditions for a more aggressive stock buyback plan.