These Analysts Revise Their Forecasts On Chevron After Q3 Earnings

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

Chevron Corporation





+0.26% Pre

Exxon Mobil Corporation





-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.

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