Cowen analyst Jason Gabelman raised the firm’s price target on Exxon Mobil to $113 from $108 and keeps a Market Perform rating on the shares. The analyst said they outperformed off earnings with a benign Permian update and upside to early 2023 EPS on refining. Cowen also said it could be an acquirer in the Permina though not at the current high point in the cycle.
Published first on TheFly
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