Exxon Mobil price target lowered to $129 from $131 at Mizuho

Mizuho lowered the firm’s price target on Exxon Mobil (XOM) to $129 from $131 and keeps a Neutral rating on the shares The firm expects a relatively in-line Q1 EPS figure of $1.72/share, as modest tailwinds from higher refining margin indicators and chemicals pricing should be offset by the lack of roughly $700M of favorable earnings adjustments in 4Q24, the analyst tells investors in a research note.