tiprankstipranks
Exxon Mobil price target raised to $147 from $140 at Mizuho
The Fly

Exxon Mobil price target raised to $147 from $140 at Mizuho

Mizuho raised the firm’s price target on Exxon Mobil to $147 from $140 and keeps a Buy rating on the shares. The analyst reduced net asset values by 5% for the firm’s U.S. oil and gas coverage. This largely reflects lower capital efficiencies for 2023 that are then carried forward over the longer term, the analyst tells investors in a research note. The firm’s top picks in the sector remain Diamondback Energy (FANG), Exxon Mobil (XOM) and Coterra Energy (CTRA). It also removed Pioneer Natural Resources (PXD) from "strong buy" and added PDC Energy (PDCE) to the list, alongside ConocoPhillips (COP), Valero Energy (VLO), Devon Energy (DVN) and Chesapeake Energy (CHK).

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on XOM:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles