BMO Capital raised the firm’s price target on Exxon Mobil (XOM) to $155 from $125 and keeps a Market Perform rating on the shares. The company once again delivered strong results, led by Energy Products, the analyst tells investors in a research note. The post-earnings sell-side event also highlighted Exxon’s differentiated portfolio and leading execution capabilities, supporting the company’s 2030 outlook, which the management believes competes with industrial companies and is deserving of a higher valuation, the firm added.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- Exxon Mobil price target raised to $140 from $132 at Mizuho
- U.S. plans to issue license for company to pump oil in Venezuela, Bloomberg says
- Midday Fly By: SpaceX acquires xAI, Disney names new CEO
- Adobe downgraded, Palantir upgraded: Wall Street’s top analyst calls
- Exxon Mobil price target raised to $145 from $135 at TD Cowen