Chevron price target raised to $190 from $185 at RBC Capital

RBC Capital raised the firm’s price target on Chevron to $190 from $185 and keeps an Outperform rating on the shares after its Q4 earnings beat. With the first Permian production hurdle crossed, the firm maintains that the stock offers an attractive risk-reward set-up this year provided the company continues to deliver on its major projects as well as the Hess integration, the analyst tells investors in a research note.