Raymond James Maintains Outperform on Chevron, Lowers Price Target to $200
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Justin Jenkins has maintained an 'Outperform' rating on Chevron (NYSE:CVX) but lowered the price target from $208 to $200.

July 13, 2023 | 11:19 am
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Chevron's price target has been lowered from $208 to $200 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
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RELEVANCE 100