TD Cowen lowered the firm’s price target on Chevron (CVX) to $150 from $155 and keeps a Hold rating on the shares. The firm said the shares outperformed after cutting the buyback, suggesting the market may have been expecting it, and/or positioning impact.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Top Analyst Optimistic on Devon Energy’s FCF Power Ahead of Q1 Earnings
- Chevron CEO warns of possible departure from Venezuela, NY Post says
- Chevron’s Hold Rating: Balancing Attractive Yield with Cautious Outlook Post-HES Acquisition
- OPEC+ to accelerate oil output increases, Reuters reports
- AAPL, AXP, BAC, KO, CVX: Buffett’s Berkshire Bets Big on These 5 Stocks