HSBC analyst Kim Fustier raised the firm’s price target on Exxon Mobil (XOM) to $158 from $135 and keeps a Hold rating on the shares. The firm increased estimates for the global integrated oil names due to the “macro shock” from the Middle East conflict.
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:
- Chevron upgraded to Buy from Hold at HSBC
- AI Models Split on Exxon Mobil (XOM) as Cyclical Pressures Meet Strong Execution
- Iran damages gas plant in Qatar, sets fires at Kuwaiti refineries, Reuters says
- BLackRock’s iShares Global Energy ETF (IXC): This Energy ETF Could Be a Smart 2026 Hedge amid Spiking Oil Prices
- Best Oil Stock ETFs to Buy Today as Oil Prices Surge Higher