JP Morgan Upgrades Chevron to Neutral, Raises Price Target to $170
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst John Royall upgrades Chevron (NYSE:CVX) from Underweight to Neutral and raises the price target from $161 to $170.
May 31, 2023 | 8:57 am
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Chevron (NYSE:CVX) has been upgraded from Underweight to Neutral by JP Morgan analyst John Royall, with a raised price target of $170.
The upgrade from Underweight to Neutral by JP Morgan analyst John Royall indicates a more positive outlook on Chevron's stock. The raised price target from $161 to $170 suggests that the analyst believes the stock has potential for growth in the short term. This news is likely to have a positive impact on Chevron's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100