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Stocks•9 May 2026•

1 min read

Wall Street Zen Upgrades RGA and Devon Energy to Buy Following Strong Performance

Key Facts

1Wall Street Zen upgraded Reinsurance Group of America to a buy rating following EPS of $6.97.

2Devon Energy was upgraded from hold to buy with an average target price of $55.59.

3Devon Energy approved an $8 billion share buyback and raised its quarterly dividend to $0.32 per share.

Wall Street Zen has upgraded Reinsurance Group of America (RGA) to a 'Buy' rating following the company's robust earnings report of $6.97 per share. Simultaneously, Devon Energy (DVN) saw its rating lifted from 'Hold' to 'Buy', with analysts setting an average price target of $55.59. The upgrade for Devon Energy is bolstered by the company's approval of a massive $8 billion share buyback program and an increase in its quarterly dividend to $0.32 per share. Despite missing recent earnings estimates, these shareholder-friendly initiatives have provided significant momentum for the stock's outlook. Meanwhile, RGA's upgrade follows a stellar 23.5% year-over-year revenue increase, signaling strong operational performance. These rating adjustments reflect growing analyst confidence in the financial resilience and capital allocation strategies of both firms.