BofA analyst Jean Ann Salisbury raised the firm’s price target on Exxon Mobil (XOM) to $129 from $118 and keeps a Neutral rating on the shares. The firm updates its price targets for Integrateds, Refining, and Midstream stocks under its coverage, the analyst tells investors. BofA notes the removal of Maduro in Venezuela and the unrest in Iran have lifted front month crude prices. The firm sees a blend of geopolitical and company specific catalysts ahead.
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