Global shares traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. In London, the FTSE 100 rose 0.8% to 8,448.34 as the government reported that the British economy bounced back strongly in the first three months of the year,

RBC Capital recently raised its price target on Devon Energy (NYSE: DVN) to $57 from $55 and maintained a "sector perform" rating on the stock. My take on a "sector perform" rating is that it is a de facto sell rating,

U.S. stocks rose Thursday to pull the Standard & Poor’s 500 index back within 1% of its record following a rough April. The S&P 500 rose 26.41 points, or 0.5%, to 5,214.08. The Dow Jones industrial average gained 331.37 points, or 0.8%, to 39,387.76, and the Nasdaq composite added 43.51 points, or 0.3%, to 16,346.26.