Morgan Stanley raised the firm’s price target on Chevron (CVX) to $180 from $177 and keeps an Overweight rating on the shares following the company’s investor day, which showcased “low-risk plans” to grow free cash flow and EPS at a greater than 10% compound annual growth rate though 2030. Capex guidance was trimmed by $1B to $18B-$21B, while cost reduction and Hess synergy targets were raised, the analyst noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Chevron’s Mid-Term Growth Potential and Hold Rating Amid Lower 2024 FCF Baseline
- Chevron price target lowered to $168 from $169 at Piper Sandler
- Chevron’s Strategic Initiatives and Strong Financial Outlook Drive Buy Rating
- Chevron’s Strategic Acquisitions and Innovations Drive Long-Term Growth and Shareholder Value
- 3 Best Dividend Aristocrat Stocks to Buy Now, 11/12/2025