TD Cowen raised the firm’s price target on Exxon Mobil to $120 from $115 and keeps a Buy rating on the shares. The firm increased its estimates ahead of results and raised them to rfelect a higher oil curve in 2024-25.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- Crude Awakening: Riding the Wave of Oil Stocks Surge in 2024
- XOM vs. SHEL: Which Oil Stock Is the Better Buy?
- WTI Crude Oil (CM:CL) Slips amid Soft Demand, Stronger Dollar
- Exxon Mobil (NYSE:XOM) Slips on Australian Supply Warning
- Scorpio Tankers Stock (NYSE:STNG): Poised to Benefit from the Shipping Supercycle