BofA analyst Jean Ann Salisbury raised the firm’s price target on Exxon Mobil (XOM) to $151 from $135 and keeps a Neutral rating on the shares after the U.S. launched strikes on several targets in Iran. Estimates of Hormuz Strait closure impacts on near-term crude prices from a variety of sources range from $10-$20 per barrel, which the firm thinks is “warranted going forward,” the analyst tells investors.
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