Barclays raised the firm’s price target on Exxon Mobil (XOM) to $145 from $140 and keeps an Overweight rating on the shares. The company’s Q4 update reinforces its multi-year growth plan with 2025 project start-ups adding $3B of earnings power in 2026, the analyst tells investors in a research note. The firm says Exxon is executing on its growth plan.
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 XOM:
- Exxon Mobil downgraded to Underperform from Neutral at BNP Paribas
- Exxon Mobil price target raised to $150 from $145 at RBC Capital
- Exxon Mobil price target raised to $140 from $133 at JPMorgan
- Exxon Mobil price target raised to $171 from $145 at UBS
- Exxon Mobil Earnings Call: Record Output, Tech-Driven Growth