Chevron shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform.
Portfolio Pulse from Benzinga Newsdesk
Chevron's stock is trading higher following an upgrade from RBC Capital, which changed its rating from Sector Perform to Outperform.
June 01, 2023 | 4:35 pm
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Chevron's stock price is likely to increase in the short term due to RBC Capital's upgrade from Sector Perform to Outperform.
The upgrade from RBC Capital is a positive signal for Chevron's stock, as it indicates that the analyst believes the company will outperform its peers. This can lead to increased investor interest and demand for the stock, driving up its price in the short term.
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