These Analysts Revise Their Forecasts On Chevron After Q3 Earnings

Chevron Corporation +0.53% Pre
Exxon Mobil Corporation +1.26% Pre

Chevron Corporation

CVX

152.81

153.20

+0.53%

+0.26% Pre

Exxon Mobil Corporation

XOM

105.84

105.77

+1.26%

-0.07% Pre

Chevron Corp (NYSE:CVX) reported weaker-than-expected earnings for its third quarter on Friday.

Chevron reported quarterly total revenues and other income of $54.1 billion, beating the consensus of $51.44 billion. Adjusted EPS came in at $3.05, missing the consensus of $3.75.

Chevron shares rose 0.8% to trade at $145.54 on Monday.

These analysts made changes to their price targets on Chevron following earnings announcement.

  • Raymond James slashed the price target on Chevron from $200 to $175. Raymond James analyst Justin Jenkins maintained an Outperform rating.
  • B of A Securities increased the price target on Chevron from $190 to $200. B of A Securities analyst Doug Leggate upgraded the stock from Neutral to Buy.

Also Check This Out: Insiders Buying M&T Bank And 3 Other Stocks

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via