Barclays analyst Betty Jiang lowered the firm’s price target on Exxon Mobil (XOM) to $127 from $130 and keeps an Overweight rating on the shares following the earnings report. Amid the macro uncertainties, Exxon is “staying the course” on investing through the cycle on competitively advantaged projects, protecting financial strength, and maintaining shareholder returns, the analyst tells investors in a research note. The firm continues to see the company as among the best names to own for both defensive and growth characteristics.
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