Bank of America Securities analyst Jean Ann Salisbury maintained a Hold rating on Exxon Mobil yesterday and set a price target of $119.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jean Ann Salisbury has given her Hold rating due to a combination of factors related to Exxon Mobil’s recent performance and market conditions. The company has shown significant progress in its 2025 Corporate Plan Update, raising its cash flow and earnings growth guidance. This improvement is attributed to Exxon’s focus on structural cost savings and advancements in low-cost supply production, particularly in the Permian Basin.
Despite these positive developments, Salisbury maintains a cautious outlook due to potential near-term challenges in the oil market. The influx of OPEC barrels could exert downward pressure on oil prices, and recent project starts have been more focused on the downstream sector, which is currently facing difficulties. These factors contribute to the decision to maintain a Neutral or Hold rating on Exxon Mobil’s stock.