Truist analyst Neal Dingmann raised the firm’s price target on Exxon Mobil to $110 from $101 and keeps a Hold rating on the shares. The company’s Q4 results were slightly below expectations but the management stuck to its previous 2023-2027 plan laid out in early December, the analyst tells investors in a research note. Exxon Mobil will likely continue on the same path as last year, with financial flexibility ensuring that its balance sheet remains ironclad and quarterly dividends continue to grow in any type of cycle, the firm adds.
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