Morgan Stanley analyst Devin McDermott raised the firm’s price target on Chevron (CVX) to $177 from $174 and keeps an Overweight rating on the shares after the company reported Q3 EPS 11% above consensus, driven by strong performance throughout the business. Total production beat consensus by 5%, notes the analyst, who says focus now turns to the investor day on November 12, which it believes should highlight growth and strategic plans through 2030.
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