UBS analyst Josh Silverstein lowered the firm’s price target on Exxon Mobil (XOM) to $135 from $146 and keeps a Buy rating on the shares. The firm sees Energy viewed as a recession downside play, the analyst tells investors in a research note. UBS lowered its price target reflecting increased uncertainty around economic activity and commodity prices.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- Positive Outlook for Exxon Mobil: Buy Rating Maintained Despite Slight Price Target Reduction
- Exxon Mobil’s (XOM) Q1 Earnings to Gain from Higher Energy Prices and Refining Margins
- Exxon Mobil Previews Q1 2025 Financial Influences
- Exxon Mobil Announces Leadership Change with McKee’s Retirement
- Exxon Mobil put volume heavy and directionally bearish