Bernstein lowered the firm’s price target on Exxon Mobil (XOM) to $139 from $140 and keeps an Outperform rating on the shares. The firm sees the Pioneer Natural (PXD) acquisition as a “grand sandbox” for Exxon engineers to deploy their current and future technology.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on XOM:
- Pioneer Natural price target raised to $256 from $246 at Bernstein
- Denbury shareholders approve takeover by Exxon Mobil
- Exxon Mobil price target lowered to $128 from $130 at Wells Fargo
- VIG ETF: Invest in a Time-Honored Dividend Strategy
- Exxon Mobil Corp. Earnings Update: Did it Beat Estimate Forecasts?