Mizuho raised the firm’s price target on Chevron (CVX) to $204 from $191 and keeps an Outperform rating on the shares following the investor day. The firm says a lack of details on the Permian power project for artificial intelligence data centers and an unchanged $10B-$20B per ear range for buybacks overshadowed Chevron’s better than expected free cash flow growth.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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