TD Cowen analyst Jason Gabelman raised the firm’s price target on Chevron (CVX) to $168 from $160 and keeps a Hold rating on the shares. The firm updated its model asfter results where they it guided unchanged TCO FCF with production back to full rates in February, pointing to limited impact from the recent outage.
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Read More on CVX:
- Chevron price target raised to $190 from $170 at BMO Capital
- Chevron price target raised to $181 from $176 at JPMorgan
- Chevron: Balanced Outlook Supports Hold Rating Amid TCO Recovery, Modest Growth, and Valuation Constraints
- Chevron downgraded to Hold from Buy at HSBC
- Chevron: Solid Fundamentals but Limited Upside Justify Hold Rating