RBC Capital Downgrades Exxon Mobil to Sector Perform, Announces $125 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Biraj Borkhataria downgraded Exxon Mobil (NYSE:XOM) from Outperform to Sector Perform and announced a $125 price target.
June 01, 2023 | 9:42 am
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Exxon Mobil downgraded to Sector Perform by RBC Capital, with a $125 price target.
The downgrade from Outperform to Sector Perform by RBC Capital indicates that the analyst believes Exxon Mobil's stock performance will be more in line with the overall sector, rather than outperforming it. This could lead to a short-term negative impact on the stock price, as investors may adjust their positions based on the new rating and price target.
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